How much life insurance do I need? Insurance needed For years For all expenses listed below Assets to cover expenses Cash and savings $ Home equity $ Investments $ Other $ Expenses at death Estate or inheritance taxes (on above assets) % Probate costs $ Funeral costs $ Uninsured medical costs $ Debt repayment $ College fund, child 1 $ College fund, child 2 $ College fund, child 3 $ Your family's future monthly income Amount (monthly) Years until start Duration (years) Spouse's income from work $ Social Security survivor benefits $ Social Security survivor benefits (children gone) $ Other $ Your family's future monthly expenses (in today's dollars) Amount (monthly) Years until start Duration (years) Child care expenses $ Living expenses (children at home) $ Living expenses (children gone) $ Children's college expenses $ Retraining or education for spouse $ Other $ Other Information Inflation rate % Your savings interest rate % Your state + federal tax rate % Your Sex Male Female