Calculate the estimated amount of life insurance you need?
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 $15,000 - $20,000 per year
Child: Monthly child cost: Years child will require support: College expenses:
1 $ years
2 $ years
3 $ years
4 $ years
5 $ years
Additional Estimated Life Insurance Amount: $
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