How much life insurance do you need?





1. Evaluate Your Income & Assets

Current Income  :  

Years spouse will need your income :  

Current investment income Investment Income
Rental properties, dividends, annuities, etc.
 :  

Existing liquid assets Liquid Assets
Assets that can be turned into cash within 3 months. It is recommended not to include retirement accounts due to tax penalties.
 :  

Ammount of your existing life insurance coverage  :  

2. Debts & Expenses

Current mortgage balance  :  

Current loan & credit balances  :  

Final expenses Final Expenses
medical, funeral, taxes, etc.
 :  

3. Child Support & College Fund

Average annual tuition is approximately $10,000

Child      Monthly amount     Number of years      College Fund   
1.                                   

2.                                   

3.                                   

    

You should have the following amount of life insurance coverage:


Life Insurance Needed =  







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