Life Insurance Needs Estimator from Central Insurance Group, Milledgeville and Macon, Georgia

1. Add up the liabilities:

Current mortgage balance

Amount required to pay off personal debts (credit cards, personal loans, car loans, etc.)

Emergency reserve fund needed for extra expenses

Final expenses (income taxes, probate fees, lawyers' fees, accounting fees, funeral costs, etc.)

Immediate Cash Liabilities at Death

Childrens' education fund

Number of Children	child/children
Cost per Year per Child	$
Years Needed Per Child	yrs.

Total (Childrens' education fund)

Funding for replacement of lost income

income:	$
Percentage of income required for survivors (i.e. 90%)	%
Number of years over which income continuation will be required	yrs.
Anticipated interest expected on investment of funds:	%
Inflation index	%

Total (Provision for income funding)

TOTAL LIABILITIES

*2. Current Assets:*
a	*Liquid Assets:* (Including bank accounts, mutual funds, certificates of deposit, stocks, bonds and cash)	$
b	*Face (coverage) amount of all life insurance policies in force*	$
TOTAL OF CURRENT LIQUID ASSETS & IN-FORCE LIFE INSURANCE:		$

*Total Liabilities* (from above)	$
minus	-
Total Assets (from above)	$
equals	=
Life insurance coverage need estimate	$

The amount shown in the yellow box is an estimate of the amount of life insurance coverage that you may need IN ADDITION to existing coverage that you have included under box 2b.
Note: A negative amount in the yellow box (a minus sign in front ot the amount) may indicate that you may be adequately covered for those liabilities and contingencies that you have included in the above estimate calculator

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