You and your spouse are in good health and have reasonably secure careers. Each

You and your spouse are in good health and have
reasonably secure careers. Each of you
makes about $28000 annually. You own a
home with an $80000 mortgage and you owe $10000 on car loans $5000 on
personal debts and $3000 on 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 insurance needs using the DINK method.One half of mortgage=$40000One half of car loan=5000One half of personal debts=2500One half of credit card loans=1500Funeral expenses=5000Total insurance needs=$54000