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HOW MUCH LIFE INSURANCE DO YOU NEED?
Instruction text text text....
Please use numbers only,
no commas
when completing fields.
Suggested Life Insurance Amount:
$
Your Family Income and Assets
1.
What is your current income?
$
2.
How many years will your spouse / family need your annual income if you were to die?
(Most financial planners recommend
10 years
, but younger earners under 40 should consider at least
15 years
)
:
1 year
2 year
3 year
4 year
5 year
6 year
7 year
8 year
9 year
10 year
15 year
20 year
25 year
30 year
3.
Current investment income
(rental properties, dividends, annuities, etc.)
:
$
4.
Existing liquid assets - All assets that can be turned into cash within 3 months
(We recommend you not considering retirement accounts liquid due to tax penalties)
:
$
5.
The amount of your existing life insurance coverage:
$
Your Family Debts and Expenses
6.
Outstanding mortgage balance:
$
7.
Other outstanding loans or debt:
$
8.
Final expenses
(
e.g.
: medical, funeral, taxes)
:
$
Child Support and College Expense
(additional)
9.
*
We suggest an average annual college tuition cost of $10000-$20000 per year
Child:
Monthly
child cost:
Years child will
require support:
College
expenses:
1
$
years
$
2
$
years
$
3
$
years
$
4
$
years
$
5
$
years
$
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