How Much Life Insurance Do You Really Need? The Life Firm

Who depends on you?

Just tap who counts on you.

Please pick at least one option.

Do you rent or own your home?

Please pick one so we ask the right questions.

Your Bills

This tells us how much your family needs to keep paying the bills without you.

Debts & Funeral

If you own your home, we already asked about your house payment.

Other debts This means credit cards and car loans. Optional.

$

Funeral costs usually $1,000 to $13,000 depending on the type

$

A simple cremation can cost about $1,000 to $3,500. A full burial can cost more. It may need a casket and a service and a headstone. This can cost $8,000 to $13,000 or more.

What Money Do You Already Have?

Cash is easy to use right away. Money in things like a 401(k) or your house takes longer to get.

Cash and savings This means bank accounts and investments and emergency funds.

$

Other money This means retirement accounts and your house. Optional.

$

We only count half of this money. The rest is hard to get quickly. You might have to pay taxes or fees. You might have to sell your house.

Life insurance you already have from work or a private plan. Optional.

$

Any Extra Goals?

These are all optional. Skip them if they're not part of your plan.

Leave extra money behind