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.
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Insurance Summary Table |
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Needs |
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Immediate needs |
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Long-term needs |
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Total needs |
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Resources |
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Investment assets |
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Existing life insurance |
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Spouse’s earnings |
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Total resources |
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Shortfall (needs – resources) |
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Additional life insurance needed |
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