Life Insurance Needs

Years for insurance to cover:

Inflation rate:

Federal + state tax rate:

Rate earned on investments:

Assets

Cash and savings:

Investments:

Home equity amount:

Other assets:

Total Assets:

Expenses At Death

Taxes on assets:

Funeral costs:

Debt repayment:

College fund for child 2:

Probate costs:

Uninsured medical costs:

College fund for child 1:

College fund for child 3:

Expenses At Death:

Income

Spouse's income from work

Monthly Amount:

Years to start:

Duration in years:

Social security benefits (children at home)

Monthly Amount:

Years to start:

Duration in years:

Social security benefits (children gone)

Monthly Amount:

Years to start:

Duration in years:

Other income

Monthly Amount:

Years to start:

Duration in years:

Total Income:

Living Expenses

Child care expenses

Monthly Amount:

Years to start:

Duration in years:

Living expenses with children at home

Monthly Amount:

Years to start:

Duration in years:

Living expenses with children gone

Monthly Amount:

Years to start:

Duration in years:

Children's college expenses

Monthly Amount:

Years to start:

Duration in years:

Retraining and education for spouse

Monthly Amount:

Years to start:

Duration in years:

Other expenses

Monthly Amount:

Years to start:

Duration in years:

Future Expenses:

Life insurance required: $0