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Needs Analyzer

Part I: Family Income
Replacement
Family Income
Your Gross Income ? Amount (in dollars)

Spouse's Gross Income (Only include if this income would stop if you were to die) ? Spouse's Gross Income (Only include if this income would stop if you were to die) ?

Other Gross Income (Only include if this income would stop if you were to die.) ? Other Gross Income (Only include if this income would stop if you were to die.) ?

TOTAL GROSS INCOME TO BE REPLACED TOTAL GROSS INCOME TO BE REPLACED
Income To Be Replaced
Desired annual income needs (typically 70-80% of current combined income) ? Desired annual income needs (typically 70-80% of current combined income) ?

TOTAL REPLACEMENT INCOME NEEDED TOTAL REPLACEMENT INCOME NEEDED

Years Income Needed ? Years Income Needed ?

yrs

Net Rate of Return Net Rate of Return

Rate of Return ? Rate of Return ?

Rate of Inflation ? Rate of Inflation ?

INITIAL LIFE INSURANCE NEEDED TO REPLACE INCOME
(BEFORE OTHER CALCULATIONS) INITIAL LIFE INSURANCE NEEDED TO REPLACEME INCOME
(BEFORE OTHER CALCULATIONS)
Available Investible
Family Assets
Savings ? Savings ?

Investment Portfolio ? Investment Portfolio ?

Current Life Insurance ? Current Life Insurance ?

Other Assets ? Other Assets ?

TOTAL AVAILABLE ASSETS TOTAL AVAILABLE ASSETS
Part II: Debt, College, And
Other Funds Needed
Debt Repayment
Mortgage ? Mortgage ?

Auto Loan ? Auto Loan ?

Consumer Debt ? Consumer Debt ?

Other Debt Other Debt

TOTAL DEBT TOTAL DEBT
College Funding
According to the College, college costs increase an average of 6% per year. If the insured died tomorrow ROI could be used, however it is not used here because if the insured lived 5, 10, 15 years or more, the amount of money from the insurance proceeds for college would be significantly less than what would be needed, consequently, we used only the 6% college inflation factor for Net Future Value (NFV). We are also assuming there is no direct savings for college happening.
Other Expenses
Funeral (typical cost of a funeral is approx. $5,000) ? Funeral (typical cost of a funeral is approx. $5,000) ?

Special Bequests ? Special Bequests ?

Other Expenses ? Other Expenses ?

TOTAL EXPENSES TOTAL EXPENSES
Total Insurance Needed
Income Replacement Insurance Needed (Part I) Income Replacement Insurance Needed (Part I)

Total Additional Expenses (Part II) Total Additional Expenses (Part II)

Total Insurance Needed
$ Click Here to Get A Quote

Total Insurance Needed: $0.00

Family Income

Your Gross Income ?

Spouse's Gross Income (Only include if this income would stop if you were to die) ?

Other Gross Income (Only include if this income would stop if you were to die) ?

TOTAL GROSS INCOME TO BE REPLACED

Income To Be Replaced

Desired annual income needs (typically 70-80% of current combined income) ?

TOTAL REPLACEMENT INCOME NEEDED

Years Income Needed ?

year(s)

Net Rate of Return

Rate of Return ?

Rate of Inflation ?

INITIAL LIFE INSURANCE NEEDED TO REPLACE INCOME
(BEFORE OTHER CALCULATIONS)

Available Investible
Family Assets

Savings ?

Investment Portfolio ?

Current Life Insurance ?

Other Assets ?

TOTAL AVAILABLE ASSETS

Debt Replacement

Mortgage ?

Auto Loan ?

Consumer Debt ?

Other Debt

TOTAL DEBT

College Funding

According to the College, college costs increase an average of 6% per year. If the insured died tomorrow ROI could be used, however it is not used here because if the insured lived 5, 10, 15 years or more, the amount of money from the insurance proceeds for college would be significantly less than what would be needed, consequently, we used only the 6% college inflation factor for Net Future Value (NFV). We are also assuming there is no direct savings for college happening.

Other Expenses

Funeral (typical cost of a funeral is approx. $5,000 ?

Special Bequests ?

Other Expenses ?

TOTAL EXPENSES

Income Replacement Insurance Needed (Part I)

Total Additional Expenses (Part II)