Professional Insurance Providers

Life Insurance Needs Estimator

Life Insurance guarantees that a definite sum of money will be available to your survivors at an indefinite time in the future. It can provide instant cash to assure your survivors of a money source for fulfilling their immediate and future needs. Furthermore, proceeds from a life insurance policy are received income tax free by your survivors upon your death.

PART ONE: Cash Needs If You Die Today
Final Expenses:
(Estimate $6,000-$12,000. Individuals with large estates should consult with a tax consultant regarding estate taxes.)
Medical and Hospital Costs:
Funeral Expenses:
Estate Administration:

Debt Repayment:
Car Loans:
Home Improvement Loans:
Credit Card Balances:
Miscellaneous Loans:

Home Assurance:
Balance on Mortgage:
Rent Payments due by Contract:

Education Fund:
(Average annual tuition plus room and board and misc. expenses runs from $10,000 for an in-state public college to $20,000 for a private university.)
College Costs:
Number of Children:

Family Living Expenses:
(Estimate 50 - 75% of your annual income.)
ESTIMATED NUMBER OF YEARS:
Food/Clothing (per year):
Utilities (per year):
Home/Auto Maintenance (per year):
Property Taxes (per year):
Routine Medical Expenses (per year):
Insurance premiums (per year):
Entertainment/Recreation (per year):
New Household Furniture & Decoration (per year):
Vehicle Replacement (per year):

Part Two:
Current Life Insurance and Liquid Assets:
Personal Life Insurance:
Employer Sponsored Life Insurance:
Checking & Saving Accounts:
Other Liquid Assets:

Total:
Additional Life Insurance Needs:


613 East 10th St Glencoe, MN 55336 Phone: (320) 864-5581 Toll Free: (800) 560-5581 Fax: (320) 864-5583		24000 Hwy 7 S#225 Shorewood, MN 55331 Phone: (952) 380-3433 Fax: (952) 380-5816

©2005 Professional Insurance Providers. All rights reserved. Site created by Vivid Image, Inc. Powered by Simply Add Content.