Needs Estimator

Our Needs Estimator will provide you with an assessment of the amount of life insurance needed to replace your income.

Step 1. Evaluate Your Income and Assets
Your current income:	$
Enter the number of years your annual income will be needed by dependents/ beneficiaries if you should happen to die prematurely:	5 Years 10 Years 15 Years 20 Years 25 Years 30 Years 40 Years
Current investment income: (Rental Properties, Dividends, Annuities, etc.)	$
Existing liquid assets - All assets that can be turned into cash within 3 months: (Liquidating your retirement accounts can result in tax penalties)	$

Step 2. Evaluate Your Debts and Expenses
Outstanding mortgage balance:	$
Outstanding loans:	$
Medical expenses and income taxes due:	$

Step 3. Evaluate Your Child Support and College Expenses

Child:	Monthly child cost	Years child will require support	College expenses
1
2
3

Step 4. Estimate Your Expected Interest Rate and The Inflation Rate
Please estimate the average annual interest rate you can earn on the  invested life insurance proceeds (%)	4 % 5 % 6 % 7 % 8 % 9 % 10 % 12 %
Enter your estimate of the average annual inflation rate (the average rate for the past ten years has been approximately 3%)	2 % 3 % 4 % 5 % 6 % 7 % 8 %
Recommended Amount of Life Insurance:	$