How much life insurance do I need?
This is typically the period of time partners and/or dependents will need your financial support. (Ex: until college graduation, until social security benefits are available, etc.)
These are funeral and burial costs. In 2018 the average North American traditional funeral and burial costs ranged between $7,000 and $10,000.
These may include outstanding liens, medical bills, etc.
This is any cash savings.
This includes retirement funds such as the vested portion of a 401(K), IRAs, or any other holdings (stocks, mutual funds, precious metals, etc.)
This could include the value of recreational property, additional vehicles, valuable art or other items. Note: Only add a value here if the plan is to sell these assets upon your death, essentially adding cash to your savings.
Life insurance estimate