No one knows your financial situation better than you. After completing this worksheet, you may wish to have more or less coverage based upon your unique circumstances.

Complete all the fields below. Submission errors will occur if any required fields are left blank. Input zeroes where you have no cash needs or liabilities. When you’ve finished, you can view your results immediately.

A. Final Expenses

• Final medical and hospital costs

• Funeral

• Attorney/executor fees

• Probate costs

Total Needed $ 

(Estimate 30-50% of your annual income for "Total Needed." Individuals with large estates should consult with a tax specialist regarding estate taxes.)

B. Emergency Fund

• Major home repairs

• Auto repairs

• Medical emergencies

Total Needed $ 

(Estimate 30-50% of your annual income for "Total Needed")

C. Children's Education Fund

$ 

X 

Total Cost of Degree

Number of Children

(As an estimate, the average annual cost of tuition for a 4 year, in-state public university is approximately $3,000, and $17,000 for a private university. Current average room and board costs are $5,000 per year. Books and other fees should be included as well.)

D. Mortgage Balance

$ 

E. Debt Repayment

Auto Loans

$ 

Home Equity Loans

$ 

Credit Card Balances

$ 

Other

$ 

F. Annual Dependent/Home Care Expenses

Care for Dependent

$ 

Home Maintenance

$ 

Food/Clothing

$ 

Number of years to continue support

X 

(For the three categories: care for dependent home maintenance and food/clothing, estimate 30-50% of your annual income.)

Life insurance (including group life policy)

$ 

Cash and savings accounts

$ 

Other liquid assets

$