Question: Please help fill out!! 23 year old nurse, single, has a house and car? no children. 100,000 dollar income. has 50,000 in savings. Life Insurance
Life Insurance Financial Needs Analysis Worksheet Step 1: Calculate the Family's Income (Cash Flow) Needs for Each Period. Empty Nest/ Blackout Period of Surviving Spouse (Age X 60) Retirement Period for Surviving Spouse (X Years) Readjustment (1 or 2 Years) Children's Age(s) (X-16) Children's Agas) (17-18) Surviving Spouse's Age Deceased Spouse's (Would Be) Ase Annual Income Needed Less Assumed OASD Social Security) Net Annual Income Needed (PMT) Ll+Nominal Return/l+Inflation)-1] x 100 N-Years Needed PV of Net Annual Income Needed (Use Begin Mode) Discount Period Present Value Today Sum of Present Value of Total Income Needed 0 0 0 Step 2: Calculate the Family's Lump-Sum Funding Needs. Final Expenses Debts Other Than Mortage Mortage Education Funding Needed (In Today's Dollars Emegency Fund 0 Estate Settlement Costs 0 Total Lump-Sum Funding Needs 0 0 Step 3: Calculate Total Life Insurance Needs. Present Value of Total Income Needed Total Llum-Sum Funding Needs Total Needs 0 0 Step 4: Calculate the Life Insurance Death Benefit Needed. 0 Total Life Insurance Needs Less Current Life Insurance Less Current Liquid Assets Net Death Benefit of Life Insurance Needed 0 Life Insurance Financial Needs Analysis Worksheet Step 1: Calculate the Family's Income (Cash Flow) Needs for Each Period. Empty Nest/ Blackout Period of Surviving Spouse (Age X 60) Retirement Period for Surviving Spouse (X Years) Readjustment (1 or 2 Years) Children's Age(s) (X-16) Children's Agas) (17-18) Surviving Spouse's Age Deceased Spouse's (Would Be) Ase Annual Income Needed Less Assumed OASD Social Security) Net Annual Income Needed (PMT) Ll+Nominal Return/l+Inflation)-1] x 100 N-Years Needed PV of Net Annual Income Needed (Use Begin Mode) Discount Period Present Value Today Sum of Present Value of Total Income Needed 0 0 0 Step 2: Calculate the Family's Lump-Sum Funding Needs. Final Expenses Debts Other Than Mortage Mortage Education Funding Needed (In Today's Dollars Emegency Fund 0 Estate Settlement Costs 0 Total Lump-Sum Funding Needs 0 0 Step 3: Calculate Total Life Insurance Needs. Present Value of Total Income Needed Total Llum-Sum Funding Needs Total Needs 0 0 Step 4: Calculate the Life Insurance Death Benefit Needed. 0 Total Life Insurance Needs Less Current Life Insurance Less Current Liquid Assets Net Death Benefit of Life Insurance Needed 0
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