Cost Need Analysis

Cost Need Analysis

How much life insurance would you need? Would your loved ones be able to live without your income if you were deceased? If yes, for how long? If no, what can you do to make sure that they can get back on their feet or survive?  You will need to analyze how much you need minimally to provide for your loved ones both currently and in the hypothetical future.

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NOTE: This calculator is SUPER sensitive, do not use any commas or additional dollar signs or characters in your inputs otherwise it will not generate a number.  Also it is “okay” if you receive a negative number as a life insurance estimate.

Using this Cost Needs Calculator: (Links to an external site.)


1)  (Hypothetically) Determine how much you will need in terms of Life insurance, based on your current situation AND in the  future situation.  You will need to do the Cost need Analysis calculation twice…one for each.

2)  Send a snap shot of the results or attach it in a Microsoft word document with your name.

3) Give me an Analysis on your results (2 paragraph is sufficient)


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