Walker Insurance and Financial Services, Inc.

Life Insurance Needs Calculator

Spouse 1 For shared income/expenses (i.e. mortgage, stock, utilites) place same amount in each spouses column. Items relating to the individual, (i.e. Salary, pension) place only in appropriate spouse column.

Income
Age Average Life Expectancy Number of years to plan Life Insurance needs for Income Annual Salary Other Income not from Investment accounts Investments Stock balance 401k balance Pension balance Savings account blanace Checking account Balance Other Investment accounts (IRA's, mutual funds) Current Life Insurance Value Social Security Benefit Estimate (go to the Social Security Administrators Website at http://www.ssa.gov/oact/cola/benefitex.html for a rough calculation. For more than 1 child, use the family maximum $ $ $ $ $ $ $ $ $ $ 77 77

$ $

When finished, click on the 'Expenses' Tab below

Services, Inc.
Spouse 2

ator

ome/expenses (i.e. mortgage, stock, ame amount in each spouses column. o the individual, (i.e. Salary, pension) y in appropriate spouse column.

77 77

$ $ $ $ $ $ $ $ $ $

$ $

Walker Insurance and Financial Services, Inc.

Life Insurance Needs Calculator
Spouse 1 Spouse 2 For shared income/expenses (i.e. mortgage, stock, utilites) place same amount in each spouses column. Items relating to the individual, (i.e. Salary, pension) place only in appropriate spouse column.

Expenses
Age Average Life Expectancy Number of years to plan Life Insurance needs for Expenses Monthly Expenditures Rent/Mortgage Number of payments left on mortgage Car payment 1 Number of payments left on car Car payment 2 Number of payments left on car Car payment 3 Number of payments left on car Car payment 4 Number of payments left on car Credit Card 1 Balance Credit Card 2 Balance Credit Card 3 Balance Credit Card 4 Balance Credit Card 5 Balance Groceries Utilities Child Care Pet Care Fuel 0 77 77 0 77 77

$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $

0 0 0 0 0 -

$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $

0 0 0 0 0 -

Car Maintenance Car Insurance Non College Education Expenses Entertainment (include dining, movie rentals etc) Travel Medical Care Medical Insurance Premium Clothing/Shoes Household Goods

$ $ $ $ $ $ $ $ $ $

$ $ $ $ $ $ $ $ $ $

When finished, click on the 'Death Future Expenses' Tab below

Walker Insurance and Financial Services, Inc.

Life Insurance Needs Calculator
Spouse 1 Spouse 2

For shared income/expenses (i.e. mortgage, stock, utilites) place same amount in each spouses column. Items relating to the individual, (i.e. Salary, pension) place only in appropriate spouse column.

Future and Final Expenses

Age Average Life Expectancy Number of years to plan Life Insurance needs for College Number of children to provide college for Total College Costs (4 years, tuition, room, books) Any other loans, payments, fees, memberships etc Final Expenses (delete any value that does not apply) Average Cremation ceremony Average Burial ceremony Allowance for final medical bills Allowance for attorney/probate 0 77 77 0 77 77

$ $

$ $

$ $ $ $ $

8,300.00 10,000.00 5,000.00 5,000.00 28,300.00

$ $ $ $ $

8,300.00 10,000.00 5,000.00 5,000.00 28,300.00

When finished, click on the 'Total Needs' Tab below

Walker Insurance and Financial Services, Inc.

Life Insurance Needs Calculator
Spouse 1 Spouse 2

For shared income/expenses (i.e. mortgage, stock, utilites) place same amount in each spouses column. Items relating to the individual, (i.e. Salary, pension) place only in appropriate spouse column.

Total Needs
Age Average Life Expectancy Number of years to plan Life Insurance needs for Total Income/Assets $ Total Expenditures $ Total Needed today for surviving spouse to continue current lifestyle $ 0 77 77 $ 28,300.00 $ (28,300.00) $ 0 77 77 28,300.00 (28,300.00)