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You are a dual-income, no-kids family. You and your spouse have the following debts: Mortgage = $188,000; Auto loan = $15,700; Credit card balance =

You are a dual-income, no-kids family. You and your spouse have the following debts:

Mortgage = $188,000; Auto loan = $15,700; Credit card balance = $2,340; and other debts = $6,970. Further, you estimate that your

funeral will cost $6,500. 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 ?

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