Life Insurance (AXA version)  
How much life insurance do you need? The question really isn’t how much life insurance… it’s how much investment capital your family will need at the time or your death to maintain their current standard of living and secure future goals like a college education or the family weddings you always dreamed of celebrating. Your capital need is really a summation of two key variables:
  1. How much money will be required at death to meet immediate needs and obligations; and
  2. How much money will be required to produce a future income stream that will sustain your family’s standard of living?
With the following information, your financial professional/licensed insurance agent can help you develop a protection strategy that suits your budget and provides the financial safeguards your family needs.
     

Income Needs:

Current Income

$

Family Income Goal
(Typically 70% to 80% of current income.)

$

Other income sources
(Social Security, Survivor's Earned Income, etc.)

$

Assumed Earnings Rate – adjusted for expected inflation and income taxes

%



Cash Needs:

Final Expenses
(Funeral and estate settlement costs)

$

Emergency Funds

$

Education Funds
(Cost to send each of your children to the college of their choice)

$

Mortgage
(Cost to pay off the remaining balance)

$

Other Debt

$

Other Cash Needs
(Special needs expenditures)

$



Income-Producing Capital:

Liquid Assets

$

Existing Life Insurance

$
 
   
   
Nelson Financial Group
8753 E. Bell Road, Suite 110 • Scottsdale, AZ • 85260