Jane and Vitorio Are Both Professionals Who Can Easily Live

Jane and Vitorio are both professionals who can easily live on either of their incomes , if there were no debt payments. They have a combined net worth of $950 000. They have debts in the amount of a $250 000 mortgage and car loans of $85 000 on a BMW and a Jaguar. In addition, they pay off their credit cards off each month, usually around $21 000. If anything should happen to either one of them, they want to leave their family debt-free. How much life insurance should they consider?

A) They should each have a policy for $356 000.
B) None because their net worth is $950 000.
C) They should each have a policy for $615 000.
D) They should have $335 000 coverage on each of them.