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InsuranceSmart.Ca

Your Guides to Smart Insurance Programs

InsuranceSmart.ca

7676 Woodbine Avenue, Ste. # 300, Markham, Ontario

Postal Code: L3R2N2

Phone: 877-760-PLAN 7526

Fax: 416987622

Cell: 416783PLAN 7526

Email: info@insurancesmart.ca

Need Analysis Calculator

How much Life Insurance do you need?

Please use numbers only, no commas when completing fields.

Step 1. Evaluate Your Income and Assets

What is your current income?

$

How many years will your spouse need your annual income?

 

Current investment income (Rental Properties, Dividends, Annuities, etc.)

$

Existing liquid assets - All assets that can be turned into cash within 3 months
(We recommend you not liquidate retirement accounts due to tax penalties)

$

The amount of your existing life insurance coverage:

$

Step 2. Evaluate Your Debts and Expenses

Outstanding mortgage balance:

$

Outstanding loans:

$

Final expenses: (Medical, Funeral, Taxes)

$

Step 3. Evaluate Your Child Support and College Expenses

*We suggest an average annual tuition cost of $20000 - $30000 per year
Child: Monthly child cost: Years child will require support: College expenses:
1 $ years
2 $ years
3 $ years
4 $ years
5 $ years

Additional Recommended Life Insurance:

$