You may be wondering..."How much Life Insurance do I need?"
You can find out exactly how by filling out the following information:
Step 1. Income and Assets
What is your current annual income?
How many years will your husband or wife need your annual income?
Your current investment income:
(Dividends, Rental Properties, Annuities, etc.)
The total amount of your existing life insurance coverage:
(policies you currently own)
Your Existing liquid assets:
(Non-retirement assets that can be liquidated within 3 months )
Enter any Large Debts and Expenses
The balance on your Mortgage:
Any loans you have:
(Medical care, Funeral arrangements, Taxes, etc...)
Step 3. Child Support and College Expenses
*Suggested average annual tuition: $10000 - $20000 per year
Monthly child cost:
Years child will require support:
Additional Recommended Life Insurance: $