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LIFE INSURANCE NEEDS ANALYZER
Calculate How Much Life Insurance You Need
Part I:  Family Income Replacement
Family Income
(Annual)
Your Gross Income    
Spouse's Gross Income +  
Other Gross Income +  
Total Gross Income =  
Income to Be Replaced
(Annual)
How much income will your family need to live comfortably? (Typically 80% of your gross income) X        %
Total Replacement Income Needed =  
Available Income (spouse's income, social security, etc) -  
Net Replacement Income Needed =  
Expected Rate of Return (5%) /        %
Assets needed to produce Net Replacement Income =  
Available Investable Family Assets Savings    
Investment Portfolio +  
Current Life Insurance +  
Other Assets +  
Total Available Investable Family Assets =  
Life Insurance Needed for Income Replacement (Subtract Total Investable Family Assets from assets needed for Net Replacement Income    
Part II:  Debt, College, and Other Funding Needed
Debt Repayment Mortgage    
Auto Loan +  
Consumer Debt +  
Other Debt +  
Total Debt =  
College Funding No. of kids ages 0-9         0 1 2 3
Cost of sending your 0-9 year old(s) to college    
No. of kids ages 10-14     0 1 2 3
Cost of sending your 10-14 year old(s) to college +  
No. of kids ages 15-19     0 1 2 3
Cost of sending your 15-19 year old(s) to college +  
Total cost of sending your child/children to college =  
Other Expenses Funeral (typical cost of a funeral is approx. $5,000    
Special Bequests +  
Other Expenses +  
Total Expenses =  
Total Insurance Needed Total Additional Expenses (Add Debt, College, and Other)    
Income Replacement Insurance Needed (from Part I) +  
Total Life Insurance Needed (add together) =  
Part III:  Personal Information
What is your name?
Last
First
Middle
What is your address?
Street
City
State
Zip
What is your telephone number?
Phone
What is your email address?
Email
Please let us know the best time to call and discuss your quote.
Morning
Afternoon
Evening
Anytime
Or specify other:
     
 
Tom Maliskey, CSA

1137 Harrison Avenue, Ste 8A | Panama City, FL 32401
Phone (850) 785-8484
Fax (850) 769-7640
 
 
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