Step 1. Evaluate Your Assets & Income.

Enter your current annual income.

$

Estimated number of years your spouse will need your annual income?

  1 Year 2 Years 3 Years 4 Years 5 Years 6 Years 7 Years 8 Years 9 Years 10 Years 15 Years 20 Years 25 Years 30 Years

Current income from investments (rental properties, annuities, dividends, etc.)

$

Assets that can be turned into cash within 3 months (It's recommended that you not liquidate retirement accounts due to federal tax penalties)

$

Enter amount of your existing life insurance coverage(s):

$

Step 2. Evaluate Your Debts and Expenses

Outstanding mortgage balance(s):

$

Any outstanding loans:

$

Estimate Final expenses: (medical, funeral, taxes, etc.)

$

Step 3. Child Support and/or College Expenses

*An average annual tuition cost of $15,000 - $20,000 per year, is suggested.

Additional Estimated Life Insurance Total: $