kmmollo6087 kmmollo6087

Today at 9:20 PM
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Marianne and Roger are in good health and have reasonably secure careers. Each earns $45,000 annually. They own a home with a $100,000 mortgage; they owe $20,000 for their car loans, and have $6,000 in student loans. If one should die, they think that funeral expenses would be $10,000. What is their total insurance needs using the DINK method?(Round your answer to the nearest whole number. Do not include the comma and "$" sign in your response.)

Answer :

fernandoalonsoc fernandoalonsoc

Today at 9:25 PM

Answer:

DINK METHOD

This method has you adding half of all your debts plus funeral expenses. DINK stands for double income, no kids.

100.000/2=50000

20.000/2=10000

6000/2=3000

Funeral expenses: 10.000

Insurance needs: 50.000+10.000+3.000+10.000

Insurance needs:73.000

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