Assignment 19-4: Life Insurance Assignment

Use http://www.calcxml.com/calculators/life-insurance-calculator in order to calculate how much life insurance you need.  You can use current numbers or realistic projections for when you graduate with your degree – Use www.salary.com to complete your research; other debt will include school loans, car loans, credit card balances, etc.

To complete the assignment, you will have to fill in the table below with the results given to you based on the inputs you entered in the first website above.

Insurance Summary Table

 

 

Needs

 

Immediate needs

 

Long-term needs

 

Total needs

 

 

 

Resources

 

Investment assets

 

Existing life insurance

 

Spouse’s earnings

 

Total resources

 

 

 

Shortfall (needs – resources)

 

Additional life insurance needed