Page 61 - Book5E

7. Estimate the amount of potential one-time expenses and outstanding
debt (from the sources listed below) (G)
7a. Mortgage balance
7b. Children’s educational needs/college expenses 7c. Credit card debt
7d. Other outstanding debt
7e. Miscellaneous special needs
8. Estimate final expenses and estate settlement costs (from any of the sources listed below) (H)
8a. Funeral costs (While these expenses vary, they typically range from $5,000 to $10,000)
8b. Final expenses (While these expenses vary, they typically range from $5,000 to $10,000)
8c. Estate taxes (If you are unsure if estate taxes apply, estimate $0)
9. Add (F), (G) and (H) together to obtain a total estimate of your life insurance need .
Understanding Your Life Insurance Policy
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