| 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: | |
| 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 (%) | |
| Enter your estimate of the average annual inflation rate (the average rate for the past ten years has been approximately 3%) | |
Recommended Amount of Life Insurance: |
$ |
This
information is not an offer of life insurance and should be
used for informational purposes only.