How much ADA Term Life insurance do you need?

This worksheet will help you determine the amount of life insurance you need. Fill in each field, using the Tab key or mouse to move the cursor from field to field. Click the Subtotal button after you complete each section.

Projected cash needs at time of death
APersonal business debt $
BReal estate loans $
CLegal and other expenses needed to settle your estate (about 5% of the value of your estate) $
DEstate taxes (currently 37% to 49%, depending on the value of your estate) $
EFinal health care and funeral expenses (funeral expenses typically range from $7,000 to $10,000) $
Other future cash needs
FFamily income fund (estimate 4-7 times annual salary) $
GChildren's education fund $
HOther expenses your family may incur $
ITotal projected cash needs $
Available cash and assets
JExisting savings and other liquid assets your family could easily convert to cash $
KExisting life insurance $
LTotal cash available $
 




 
Total ADA Term Life Insurance Needed $

In most situations, the amount of life insurance you need is typically 8-12 times your annual income. To discuss your coverage needs or unique circumstances, contact a Plan Specialist at 866-607-5338or ada@gwl.com.

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