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FAMILY LIFE INSURANCE
NEEDS ANALYSIS
| Step One: |
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| 1. |
Final Expenses
($10,000 recommended minimum for funeral, attorney fees, probate, etc.) |
$_______________ |
|
| 2. |
Mortgage Balance |
$_______________ |
|
| 3. |
Debts |
$_______________ |
|
| 4. |
Children’s Education |
$_______________ |
|
| |
(Tuition
alone may range from $7,000/year at an in-state public
university to $25,000/year at a private college. Add room
and board, approximately $5,000/year, plus books and other
fees.) |
|
| 5. |
Living Expenses
(Consider food, clothing, rent, utility bills, childcare, and other expenses.) |
$_______________ |
|
|
| TOTAL STEP ONE (add numbers 1 through 5): |
$_______________ |
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Step Two:
|
|
|
| 6. |
Amount of Existing
Life Insurance Policies
|
$_______________ |
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| 7. |
Cash and Savings
Account Totals |
$_______________ |
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| 8. |
Other Liquid Assets |
$_______________ |
|
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| TOTAL STEP TWO (add numbers 6 through 8): |
$_______________ |
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Step Three:
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| 9. |
The additional life insurance you need totals:
(Take
TOTAL STEP ONE minus TOTAL STEP TWO.)
|
$_______________ |
First National Bank
of Scotia
Is not a licensed Insurance Agency
201 Mohawk Avenue ~ Scotia, New York 12302 ~ (518) 370-9885
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