You are a dual income, no kids family
You are a dual income, no kids family. You and your spouse have the following debts (total): mortgage, $180,000; auto loan, $10,000; credit card balance, $2,000; and other debts of $6,000. Further, you estimate that your funeral will cost $4,000. Your spouse expects to continue to work after your death. Using the DINK method, what should be your need for life insurance? (Obj. 1)
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One-half of the mortgage = $90,000
One-half of auto loan = 5,000
One-half credit card balance = 1,000
One-half other debts = 3,000
Funeral expenses = 4,000
Total need for life insurance = $103,000
Answers
Status NEW
Posted 02 Jun 2017 03:06 AM
My Price 8.00
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