DINK stands for double income, no kids. This method adds half of all the debts plus funeral expenses.
Total insurance needs=(100000+11000+2000+3000)/2+5000=63000
Courses Regular 28 Groups Character Styles 7. You and your spouse are in good health and...
You and your spouse are in good health and have reasonably secure careers. Each of you makes about $60,000 annually. You own a home with a mortgage of $120,000, and you owe $35,000 on car loans, $11,000 in personal debts, and $6,000 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....
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 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 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....
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, $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 (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): 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 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...
this is all the information given Personal Financial Planning Mini-Case Jeff and Mary Douglas, a couple in their mid-30s, have two children - Paul age 6 and Marcy age 7. The Douglas' do not have substantial assets and have not yet reached their peak earning years. Jeff is a general manager of a jewelry manufacturer in Providence, RI while Mary teaches at the local elementary school in the town of Tiverton, RI. The family needs both incomes to meet their...