How Much Life Insurance?  by Kiplinger
How much life insurance do I need?
  Insurance needed
  For years
  For all expenses listed below
 
  Assets to cover expenses
  Cash and savings $  
  Home equity $  
  Investments $  
  Other $  
 
  Expenses at death
  Estate or inheritance taxes (on above assets)   %
  Probate costs $  
  Funeral costs $  
  Uninsured medical costs $  
  Debt repayment $  
  College fund, child 1 $  
  College fund, child 2 $  
  College fund, child 3 $  
  Your family's future monthly income
Amount (monthly) Years until start Duration
(years)
  Spouse's income from work $          
  Social Security survivor benefits $          
  Social Security survivor benefits (children gone) $          
  Other $          
 
  Your family's future monthly expenses (in today's dollars)
Amount (monthly) Years until start Duration
(years)
  Child care expenses $          
  Living expenses (children at home) $          
  Living expenses (children gone) $          
  Children's college expenses $          
  Retraining or education for spouse $          
  Other $          
  Other Information
  Inflation rate   %
  Your savings rate   %
  Your state + federal tax rate   %
 
  Your Sex
  Male
  Female

 
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