What should be your need for life insurance

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Reference no: EM132032061

You are a dual-income, no-kids family. You and your spouse have the following debts: Mortgage = $260,000; Auto loan = $11,500; Credit card balance = $2,250; and other debts = $6,500. Further, you estimate that your funeral will cost $6,000. 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:

Reference no: EM132032061

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