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

Question

Question

You and your spouse are in good health and have reasonably secure careers. Each of you makes about $60,000 annually. You own

business finance

Add a comment Improve this question Transcribed image text

Answer 1

Answer #1

Insurance need as per DINK Method =12 Oral) debt needs + Funeros Ex penses =/of Mortgage + 1/2 of Car Loont 1 of personal deb

Add a comment

Answer 2

Similar Homework Help Questions

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

You and your spouse are in good health and have reasonably secure careers. Each of you makes about $43,000 annually. You own a home with an $86,000 mortgage, and you owe $18,000 on car loans, $8,000 in personal debts, and $7,000 on credit card loans. You have no other debts. You have no plans to increase the size of your family in the near future. Estimate your total insurance needs using the DINK method. Assume funeral expenses of $7,000. Insurance...
You and your spouse are in good health and have reasonably secure careers. Each of you...

You and your spouse are in good health and have reasonably secure careers. Each of you makes about $49,000 annually. You own a home with a mortgage of $98,000, and you owe $24,000 on car loans, $7,000 in personal debts, and $7,000 on credit card loans. You have no other debts. You have no plans to increase the size of your family in the near future. Assume funeral expenses of $7,000. Estimate your total insurance needs using the DINK method...
You and your spouse are in good health and have reasonably secure careers. Each of you...

You and your spouse are in good health and have reasonably secure careers. Each of you makes about $52,000 annually. You own a home with a mortgage of $104,000, and you owe $27,000 on car loans, $10,000 in personal debts, and $4,000 on credit card loans. You have no other debts. You have no plans to increase the size of your family in the near future. Assume funeral expenses of $10,000. Estimate your total insurance needs using the DINK method....

Courses Regular 28 Groups Character Styles 7. You and your spouse are in good health and...

Courses Regular 28 Groups Character Styles 7. You and your spouse are in good health and have reasonably secure jobs. Each of you makes about $40,000 annually. You own a home with a $100,000 mortgage, and you owe $11,000 on car loans, $2,000 on 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. You estimate that funeral expenses will be $5,000....
Part 1 - Georgia, a widow, has take-home pay of $1,850 a week. Her disability insurance...

Part 1 - Georgia, a widow, has take-home pay of $1,850 a week. Her disability insurance coverage replaces 55 percent of her earnings after a four-week waiting period. What amount would she receive in disability benefits if an illness kept Georgia from work for 18 weeks? Part 2 - You and your spouse are in good health and have reasonably secure careers. Each of you makes about $45,000 annually. You own a home with a mortgage of $90,000, and you...
You are a dual-income, no-kids family. You and your spouse have the following debts (total): mortgage,...

You are a dual-income, no-kids family. You and your spouse have the following debts (total): mortgage, $202,000; auto loan, $12,000; credit card balance, $6,000; other debts, $12,000 Further, you estimate that your funeral will cost $7,000. Your spouse expects to continue to work after your death. Using the DINK method, what should be your need for life insurance? Insurance need

You are a dual income, no-kids family. You and your spouse have the following debts (total):...

You are a dual income, no-kids family. You and your spouse have the following debts (total): mortgage, $218,000; auto loan, $28,000; credit card balance, $22,000; other debts, $28,000. Further, you estimate that your funeral will cost $7,000. Your spouse expects to continue to work after your death. Using the DINK method, what should be your need for life insurance? Insurance need
You are a dual income, no kids family. You and your spouse have the following debts...

You are a dual income, no kids family. You and your spouse have the following debts (total): mortgage, $171,000; auto loan, $10,500; credit card balance, $2,000; and other debts of $6,750. Further, you estimate that your funeral will cost $3,250. Your spouse expects to continue to work after your death. Using the DINK method, what should be your need for life insurance? A. $225,000 B. Over $225,000 C. $193,500 D. $101,750 E. $216,000
What type of Will would have as a provision "50% to surviving spouse and 50% to...

What type of Will would have as a provision "50% to surviving spouse and 50% to the surviving children?" Simple Will. . Traditional Marital Share Will. Exemption Trust Will. Stated Dollar Amount Will. Question 25 100 pts Which of the following is a characteristic of a Living Will? A Living Will is subject to Probate. • A Living Will can use the Unlimited Marital Deduction. A Living Will does not involve Assets. • A Living Will is subject to Federal...

Y ou are 35 years old You have a non-working spouse (same age) You have one...

Y ou are 35 years old You have a non-working spouse (same age) You have one child, age 3 Annual gross income S110,000 Your monthly expenses total S3,500 Monthly debt payments are S400 (counted in the S3,500) Tax-specific Information Adjusted gross income- S75,500 Itemized deductions-$15,500 Child care tax credit = $500 Federal income tax withheld S6,250 Amount for personal exemptions- S12,500 The kids are getting too big for your apartment, so it's time to buy a house! Your bank is...

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

Homework Answers