Donald and Charlene are married and do not have any children. They plan to ensure that the other will not be unduly burdened by debts in case one of them dies. Each plans to continue to work after the other one dies. Which method are they using to determine their life insurance needs?

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Quizplus · Accepted Answer

Donald and Charlene fit the criteria for the "dual income, no kids" method, which focuses on ensuring that the surviving spouse is not burdened with debt or loss of income if the other spouse dies. This method is specifically designed for couples without children, who do not need to factor in childcare or education expenses.

Donald and Charlene Are Married and Do Not Have Any