How much Life Insurance do you need?

How much Lump sum Life Cover do you need?

Sample example:

Funeral $    15,000 $    15,000
Mortgage $  200,000 $  200,000
other debt $ $
Estate expenses $      5,000 $      5,000
C/Card overdraft limit $ $
HP $ $
Taxes $ $
Education Fund $    60,000 $    60,000
 
 
Plus Family Rehabilitation Buffer Fund
House Update/Renovations $    20,000 $    20,000
Car Update $    20,000 $    20,000
Unexpected Expenses (6 months income $    60,000 $    60,000
Holiday $    20,000 $    20,000
Retirement Booster $ $
Childcare $ $
Top up of income $ $
Total $   400,000 $  400,000

(Each person has a  different situation)

 

How much monthly Life Cover do you need?

Sample example:

Current family Monthly income $ 8,000
Current household expenses $ 4,100
Child-support to cover $
Childcare top-up  $   800
Plus Top up of income needed (due to loosing an income)  $
Less guaranteed income other death $
Plus other $ 
Total Monthly Life Cover needed at a minimum $  4,900
For how many years To age 65

(Each person has a  different situation)

 

 

 

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