## Question

###### Estimating Life Insurance Needs Using the DINK Method. You and your spouse are in good health and have reasonably secure jobs. Each of you makes about $\$ 28,000$ annually. You own a home with an $\$ 80,000$ mortgage, and you owe $\$ 10,000$ on car loans, $\$ 5,000$ in personal debt, and $\$ 3,000$ in credit card loans. You have no other debt. You have no plans to increase the size of your family in the near future. Estimate your total insurance needs using the DINK method. (Obj. 2)

Estimating Life Insurance Needs Using the DINK Method. You and your spouse are in good health and have reasonably secure jobs. Each of you makes about $\$ 28,000$ annually. You own a home with an $\$ 80,000$ mortgage, and you owe $\$ 10,000$ on car loans, $\$ 5,000$ in personal debt, and $\$ 3,000$ in credit card loans. You have no other debt. You have no plans to increase the size of your family in the near future. Estimate your total insurance needs using the DINK method. (Obj. 2)

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