### 1)    How much will be needed at death to meet immediate obligations?

This amount takes into account all final expenses: uncovered medical bills, funeral and estate-settling costs, outstanding debts, mortgage balance and college costs to name a few.

### 2)    How much future income is needed to sustain the household?

This is the number you’ll arrive at after calculating the “present value” of cash-flow streams your family will need after your death.

#### Note: only numeric values will be accepted. Do not use special characters such as \$ or commas.

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Total annual income your family would need if you died today 2
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Extras 4
Analysis 5

## Your need for life insurance:

Should you die, the financial impact on your dependents is the loss of your income as well as the immediate expenses associated with your death. The death benefit offered through life insurance serves as replacement income for a period of time to help your family build a more financially secure future.

Calculations

#### Lump Sum Needs at Death:

Final expenses: \$
Outstanding debts: + \$
Mortgage: + \$
College funding: + \$
Total lump sum needs: = \$

#### Income Needs:

Annual income to be provided: \$
Number of years to provide income:
Estimated inflation rate: %
After-tax net investment yield: %

#### Calculation & Results:

Present value of income needs*: \$
Lump sum needs: + \$
= \$
Less current investment capital: - \$
Less existing life insurance: - \$
Less present value of spouse’s income*: - \$