How much Life Insurance do you need?

Step 1. Evaluate Your Income and Assets

What is your current income?

How many years will your spouse need your annual income?

Current investment income (Rental Properties, Dividends, Annuities, etc.)

Existing liquid assets - All assets that can be turned into cash within 3 months
(We recommend you not liquidate retirement accounts due to tax penalties)

The amount of your existing life insurance coverage:

Step 2. Evaluate Your Debts and Expenses

Outstanding mortgage balance:

Outstanding loans:

Final expenses: (Medical, Funeral, Taxes)

Step 3. Evaluate Your Child Support and College Expenses

*We suggest an average annual tuition cost of $15,000 - $20,000 per year

Child:	Monthly child cost:	Years child will require support:	College expenses:
1	$	years
2	$	years
3	$	years
4	$	years
5	$	years

Additional Recommended Life Insurance: $

The results generated by this insurance calculator are hypothetical and will vary due to user input. Matrix Direct does not guarantee the accuracy of the calculations, results, nor their applicability to your specific situation. We recommend you use this calculator as a guideline only. A Matrix Direct agent can help you with the calculator and your results, and answer any questions you may have. power by MatrixDirect