Insurance Worksheet

Insurance Worksheet

Cost of Living

Daily expense of Spouse: $_____ per day x 365 days= $_____ per year
Daily expense of Child #1: $_____ per day x 365 days= +_____ per year
Daily expense of Child #2: $_____ per day x 365 days= +_____ per year
Daily expense of Child #3: $_____ per day x 365 days= +_____ per year

Mortgage: +_____ per year
Loans: +_____ per year

Education:
Child #1: +_____ per year
Child #2: +_____ per year
Child #3: +_____ per year

Other Major Expenses: +_____ per year
Funeral Costs: +_____
Total Cost of Living =_____ per year

Available Resources
Savings Account: = $_____
Checking Account: +_____
Cash: +_____
Stocks/bonds: +_____
Retirement: +_____
Other principal income: +_____
Other assets: +_____
Total Available Resources =_____

Life Insurance Need
Total Cost of Living $_____
Available Resources -_____
Life Insurance Need =_____