fis_210_appendix_l - Life Insurance Needs Analysis Name: O....

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Life Insurance Needs Analysis Name: O. LeRoy Cluff Date: Step 1: Financial Resources Needed After Death Living Expenses Period 1 Period 2 Monthly Living Expenses $2,840.00 $3,440.00 Net Yearly Income Needed $34,080.00 $41,280.00 Number of years in Time period 12 18 Total Living Expenses $408,960.00 $743,040.00 Total Living Expenses Special Needs Cost Spouse's Education Fund $8,000.00 Children's College Fund Care for a Disabled Dependant Other Needs Final Expenses (Funeral, estate, etc) $7,000.00 Debt Liquidation Home Mortgage $1,200.00 Other Loans Total Debt $1,200.00 Other Financial Needs Total Financial Resources Needed $1,705,800.00 Step 2: Financial Resources Available After Death Financial Resources Period 1 Annual Social Security Survivor Benefits $24,432.00 Surviving Spouse's Income $0.00 $0.00 Annual Income $0.00 Number of Years in Time Period 12 Total Period Income $293,184.00 Total Income $0.00 Other Life Insurance
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This note was uploaded on 07/20/2010 for the course COM220 COM220 taught by Professor Doug during the Spring '10 term at University of Phoenix.

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fis_210_appendix_l - Life Insurance Needs Analysis Name: O....

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