8 views Insurance Needs Existing coverage? $ Inflation Rate? % Rate of return? % Assets & Investments Annual spousal income? $ Years of work? Other annual income? $ Value of investments? $ Value of non-income assets? $ Liabilities & Expenses Monthly expenses? $ Years of expenses? Education fund? $ Total liabilities? $ Death expenses? $ Printer-friendly version Life Insurance Needs Existing Coverage Assets & Income Liabilities & Expenses Utilities Chart Table Life Insurance Needed Current Insurance Insurance Needed Insurance Amounts Itemized Investments Investment Category Amount Checking accounts Savings accounts Retirement accounts Stocks & bonds Mutual funds Commodities Other investments Total Investments Itemized Non-Income Assets Non-Income Asset Category Amount Primary home Additional homes Other real estate Automobiles Other vehicles Jewelry Other personal property Total Non-Income Assets Itemized Monthly Expenses Monthly Expense Category Amount Housing or Mortage Payment Property taxes Vehicle payments Auto insurance Utilities Telpehone Cable & Internet Home Maintenance Cable & Internet Food & Groceries Auto Gas & Maintenance Clothing Travel Child care Charitable giving Gifts Other living expenses Total Monthly Expenses Itemized Liabilities Liability Category Amount Home mortgage Other mortgages Auto loans Other vehicle loans Student loans Credit card debt Lines of credit Other liabilities Total liabilities Itemized Death Expenses Death Expense Category Amount Funeral expenses Legal expenses Taxes due Uninsured medical expenses Charitable gifts Other Total Death Expenses Email Results First Name Last Name Email Address Phone Number Submit The purpose of life insurance is to replace your income at the time of your death so that the family you are leaving behind can maintain their current lifestyle. How much you need is best decided by working with a qualified financial planner. Things to analyze include your current assets, savings and investments and how much earning power will be available for supporting your family in your absence. Compare that amount to your anticipated liabilities and expenses. Moreover, don't forget to include items such as college tuition for your children or paying off your mortgage, in addition to your standard living expenses.