This document outlines John Smith's life insurance needs for his family. It includes calculations for debts other than a mortgage, income replacement for both spouses, remaining mortgage balance, estimated costs for children's education, and current life insurance ownership. Based on these factors, it estimates the total life insurance need and the remaining need after subtracting existing policies to determine how much additional coverage is required to provide for his family in the event of his death.

1. John Smith Agency
My Family Life Insurance Needs
Phone # XXXIXXX-XXXX
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-I Debts other than Mortgage, and Final Expenses
lncome Replacement
Years of lncome Needed Annual lncome,rrfeeded
se[aiate calculations for both spouses including at-home parent and caregiver
Remaining Mortgage Balance
Education (8 Semesfe rs per Child)
Number af Children Cosi per Serresfer
I f ducation
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Estimated Life lnsurance Needs
(before subtracting current Life lnsurance)
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Current / Existing Life lnsurance You Own:
(Not including insurance owned by employer or others.)
Remaining Estimated Need
(after subtracting Owned Life lnsurance)
If you could write your own check...
how much would yoa leuve yoar fnmily?
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FARMERS
INSURANCE
Life insurmce issued by;
Farmers New 7orld Life Insurance Company
3003 77rh Ave SE, Mercer Island, !?h 98040
l'roducts and features not available in all srares md may vary by state,
My Family
ray au
the
Deatb benef.t ?roceeds for the Benefciaty
Non-Negatinble . For lll*tratixe Putposet Only
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