How much Life Insurance do you need?
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| Please use numbers only, no commas when completing fields. |
Step 1. Evaluate Your Income and Assets
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| What is your current income? |
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| How many years will your spouse need your annual income? |
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| Current investment income (Rental Properties, Dividends, Annuities, etc.) |
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Existing liquid assets - All assets that can be turned into cash within 3 months
(We recommend you not liquidate retirement accounts due to tax penalties) |
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| The amount of your existing life insurance coverage: |
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Step 2. Evaluate Your Debts and Expenses
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| Outstanding mortgage balance: |
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| Outstanding loans: |
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| Final expenses: (Medical, Funeral, Taxes) |
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Step 3. Evaluate Your Child Support and College Expenses
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| *We suggest an average annual tuition cost of $20000 - $30000 per year |
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Additional Recommended Life Insurance:
$ |