Life Insurance Needs Analysis Worksheet
If you are currently seeking life insurance coverage and have been searching online you may have come across many many websites that offer free quotes and information on life insurance.
Life insurance needs analysis worksheet - Hey guys i know this was posted quite a while back but i have a couple of resources that are right up this alley. Mortgage auto loans funeral expenses. Life insurance needs analysis example yoursituation expenses immediate funeral 6 000 final expenses 2 000 subtotal 8 000 1 9 months probate expenses 2 000 estate taxes mortgage pay off 50 000 subtotal 52 000 beyond 9 months emergency fund 10 000 college funding 100 000 subtotal 110 000 lifetime living expenses.
That means if you make 50 000 a year you will need a life insurance policy that pays around 500 000. Excel and printable life insurance needs worksheets. The type and amount of information required to be collected will vary depending on each client s particular circumstances therefore the information.
This worksheet may be used to collect information as part of a life insurance needs analysis for 1 or 2 individuals within the same family. For instance applying for less than what the needs worksheet illustrates might mean i will receive less than. Print personal life insurance needs analysis worksheet 1.
What are some things to keep in mind when deciding how much life insurance to have. Life insurance needs analysis worksheet date. My insurance coverage has to be rev.
I understand that the values illustrated in this life insurance needs analysis are based on financial information that i have provided ted insurance coverage is subject to medical amount. This worksheet assumes you died today. I m an insurance agent in utah and have designed a printable life insurance needs worksheet and an excel style auto calculating life insurance needs analysis.
In this article we are going to talk about a worksheet that can be used for obtaining your life insurance needs analysis. The second way to calculate insurance needs is through a shortfall calculation. Total additional life insurance needs 0 applicant print name.
Easy disability insurance needs analysis determine total disability insurance needs enter numbers below monthly expenses monthly amounts 1 rent or mortgage 2 children s daycare 3 food 4 debt repayment student loans 5 utilities 6 medical dental insurance 7 homeowners auto insurance 8 other insurance premiums life etc 9 gas. Before buying any insurance products you should consult with a qualified insurance professional for a more thorough analysis of your needs. As surviving spouse or beneficiary i understand that any changes to my estimated life insurance needs could either positively or negatively affect me.
