You and your spouse are in good health and have reasonably secure careers. Each of you makes about $$53,000$ annually. You

own a home with a mortgage of $$106,000,$ and you owe $$28,000$ on car loans, $$11,000$ in personal debts, and $$5,000$ on credit

card loans. You have no other debts. You have no plans to increase the size of your family in the near future. Assume funeral

expenses of $$9,000.$ Estimate your total insurance needs using the DINK method.

Insurance need