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You are a dual income, no kids family. You and your spouse have the following debts (total): mortgage, $171,000; auto loan, $10,500; credit card balance,
You are a dual income, no kids family. You and your spouse have the following debts (total): mortgage, $171,000; auto loan, $10,500; credit card balance, $2,000; and other debts of $6,750. Further, you estimate that your funeral will cost $3,250. Your spouse expects to continue to work after your death. Using the DINK method, what should be your need for life insurance?
A. $225,000
B. Over $225,000
C. $193,500
D. $101,750
E. $216,000
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