What should be need for life insurance

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Reference no: EM131927807

You are a dual-income, no-kids family. You and your spouse have the following debts (total): mortgage, $240,000; auto loan, $50,000; credit card balance, $44,000; other debts, $50,000. 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?

Reference no: EM131927807

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