Please help! You are a dual-income, no-kids family. You and your spouse have...

90.2K

Verified Solution

Question

Finance

Please help!

image

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!
Become a Member

Other questions asked by students