You and your spouse are in good health and have reasonably secure jobs. Each of you makes about $$43,000$ annually. You own a home with a $$95,000$ mortgage, and you owe $$12,500$ on car loans, $$8,000$ in personal debt, and $$3,850$ in credit card loans. You have no other debt. You have no plans to increase the size of your family in the near future. You estimate that funeral expenses will be $$9,000.$ Estimate your total insurance needs using the DINK method.

Total insurance need