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Life
Insurance Calculator
How much Life Insurance do you need?
Please use numbers only, no commas when completing fields.
|
Step
1. Evaluate Your Income and Assets |
What
is your current income? |
|
| How
many years will your spouse need your annual income? |
|
Current
investment income (Rental Properties, Dividends, Annuities, etc.)
|
|
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) |
|
The
amount of your existing life insurance coverage: |
|
Step
2. Evaluate Your Debts and Expenses |
| Outstanding
mortgage balance: |
|
| Outstanding
loans: |
|
| Final
expenses: (Medical, Funeral, Taxes) |
|
Step
3. Evaluate Your Child Support and College Expenses |
| *We
suggest an average annual tuition cost of $15000 - $20000 per year |
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