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 workafter your death. using the dink method, what should be your need for life insurance?

a)$103,000
b)$206,000
c)$226,000
d)$233,000
e)over $233,000

There are no correct answers in options

The correct answer is

DINK Method

One half of mortgage $ 90,000 One half of auto loan 5,000

One half of credit card loans 1,000

Other debts 6,000

Funeral expenses 4,000

Total insurance need $ 106,000

While the DINK method bases the insurance need on one-half of most debts, it does include 100 percent of "other debts". This helps ensure the remaining spouse has sufficient funds to meet future family needs

good luck ❤