Q. 9 & 12

9. Estimating Life Insurance Needs Using the DINK Method. You are a dual-income, no-kids family. You and your spouse have the following debts: Mortgage = $190,000: Auto loan = $10,000; Credit card balance = $2,000; and other debts = $4.000. 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? 10. Using the "Nonworking" Spouse Method to Determine Life Insurance Needs. Tim and Allison are married and have two children, ages 2 and 6. Allison is a "nonworking" spouse who devotes all of her time to household activities. Estimate how much life insurance Tim and Allison should carry to cover Allison. 2 11. Using the "Nonworking" Spouse Method to Determine Life Insurance Needs. Using the "nonworking" spouse method, what should be the life insurance needs for a nonworking spouse whose youngest child is 5 years old? 2 12. Using the "Nonworking" Spouse Method to Determine Life Insurance Needs. Using the "nonworking spouse method, what should be the life insurance needs for a nonworking spouse whose youngest child is 8 years old