Answered step by step
Verified Expert Solution
Question
1 Approved Answer
You are a dual income, no kids family. You and your spouse have the following debts: Mortgage = $218,000; Auto loan = $16,000; Credit card
You are a dual income, no kids family. You and your spouse have the following debts:
Mortgage = $218,000; Auto loan = $16,000; Credit card balance = $2,210, and other debts of $6,740. Further, you estimate that your funeral will cost $8,000. Your spouse expects to continue to work after your death. Using the DINK method, what should be your need for life insurance?
Total insurance need $
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started