Please help! You are a dual-income, no-kids family. You and your spouse have...
90.2K
Verified Solution
Link Copied!
Question
Finance
Please help!
You are a dual-income, no-kids family. You and your spouse have the following debts (total): mortgage, $224,000; auto loan, $34,000; credit card balance, $28,000; personal debts, $34,000. Further, you estimate that your funeral will cost $10,000. Your spouse expects to continue to work after your death. Using the DINK method, what should be your need for life insurance? Insurance need
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!