Multiple Choice QuestionDebts equal $100,000, and funeral costs equal $4,500. Using the DINK method, what is the total insurance need?Multiple choice question.$50,000$4,500$54,500$104,500
Question
Multiple Choice QuestionDebts equal 4,500. Using the DINK method, what is the total insurance need?Multiple choice question.4,500104,500
Solution
The DINK (Dual Income No Kids) method is a way of calculating life insurance needs. However, in this question, it seems like we're simply adding up debts and funeral costs to determine the total insurance need. Here's how you can do it:
Step 1: Identify the total debts. In this case, it's 4,500
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