Life Insurance FAQs
1. Evaluate Your Assets & Income.
your current annual income.
number of years your spouse will need your annual
income from investments (rental properties, annuities,
that can be turned into cash within 3 months (It's
recommended that you not liquidate retirement accounts
due to federal tax penalties)
amount of your existing life insurance coverage(s):
2. Evaluate Your Debts and Expenses
Final expenses: (medical, funeral, taxes, etc.)
3. Child Support and/or
average annual tuition cost of $15,000 - $20,000 per
year, is suggested.
Estimated Life Insurance Total: $
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