the dink method is for families with:multiple choice question.very small insurance needsplex insurance needs.very large insurance needs.simple insurance needs.

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19-12-2022
Business

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the dink method is for families with:multiple choice question.very small insurance needsplex insurance needs.very large insurance needs.simple insurance needs.

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tutorconsortium640 tutorconsortium640 · Answer 1 · 2022-12-22T04:38:02-05:00

When you're ready to purchase life insurance, you'll need to decide what coverage amount you need so that all your financial obligations and needs are met upon your death. $220,050

Explanation:

DINK is a method of calculating life insurance coverage.

DINK , an acronym for double income no kid is calculated by adding to the funeral expenses half of all debts.

Mortgage - $380000

Auto loan - $20,400

Credit card balance - $5800

Other debts - $10700

Total $416,900

Insurance need = $11600 + ($416900/2)

$11600+$208450 = $220,050

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