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You are a dual-income, no-kids family. You and your spouse have the following debts (total): mortgage, $204,000; auto loan, $14,000; credit card balance, $8,000; other
You are a dual-income, no-kids family. You and your spouse have the following debts (total): mortgage, $204,000; auto loan, $14,000; credit card balance, $8,000; other debts, $14,000. Further, you estimate that your funeral will cost $6,000. Your spouse expects to continue to work after your death. Using the DINK method, what should be your need for life insurance?
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