You and your spouse are in good health and have reasonably secure careers. Each of you makes about $56,000 annually. You own a home with a mortgage of $112,000, and you owe $31,000 on car loans, $7,000 in personal debts, and $8,000 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 $6,000. Estimate your total insurance needs using the DINK method.