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Needs Analysis
Life Quote Questionnaire
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DENESHA DIFFERENCE
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HOME
Employee Benefits
BENEFITSOLOGY™
LIFE INSURANCE
Needs Analysis
Life Quote Questionnaire
Download
MEDICARE
CUSTOMER CARE
Subscribe
Enrollments
DENESHA DIFFERENCE
BLOG
Contact
Start your free Life Insurance analysis now
Needs Analysis
1. Annual earned income your family / business would need if you died
Include all sources of income
2. Total income multiplier
( AGE 20-30 = 20 ), ( AGE 31-40 = 16 ), ( AGE 41-50 = 12 ), ( AGE 51-60 = 8 ), ( AGE 61 & up = 5 )
3. Amount of income needed as result of loss of income
4. Funeral and other fnal expenses can
Range between $10,000 to $20,000
5. Mortgage and other outstanding debts
Include mortgage, credit card debts, car loans, home equity, etc.
6. Education expenses
2017-2018 Average annual college costs* : $34,740
Annual Amount ( x )
Child 1
# Of Years In College
Child 1
Total Cost ($)
ANNUAL AMOUNT Child 2
Child 2
YEARS IN COLLEGE Child 2
Child 2
TOTAL COST Child 2
ANNUAL AMOUNT Child 3
Child 3
YEARS IN COLLEGE Child 3
Child 3
TOTAL COST Child 3
Total Education expenses
7. Total income required
add line 3,4,5 and 6
8. Savings
Bank accounts, ira’s, 401(k) plans, stocks, bonds, real Estate / rental property etc
9. Present amount of life insurance
Include group of personal insurance
10. Total current protection
add line 8 and 9
11. Additional life insurance needed
subtract line 10 from line 7
Phone
This field is for validation purposes and should be left unchanged.