|
|
Step
1. Evaluate Your Income and Assets |
| What is your current income? |
$
|
| How many years will
your spouse need your annual income? |
|
| Current investment income (Rental
Properties, Dividends, Annuities, etc.) |
$
|
Existing liquid assets - All
assets that can be turned into cash within 3 months
(We recommend you not liquidate retirement accounts due
to tax penalties) |
$
|
| The amount of your existing life insurance
coverage: |
$
|
Step 2. Evaluate Your Debts and Expenses |
| Outstanding mortgage balance: |
$
|
| Outstanding loans: |
$
|
| Final expenses: (Medical, Funeral, Taxes) |
$
|
Step 3. Evaluate Your Child Support and College
Expenses |
| *We suggest an average annual tuition cost of $15,000
- $20,000 per year |
|
Additional
Recommended Life Insurance: $
|