Page 22 - Joyner's Funeral Home & Crematory - NC
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 Life Worksheet
 Determining the right amount of coverage for you.
Hereʼs a simple way to figure out how much life insurance protection you may need. Or you can visit® and use our online calculator.
Estimating your needs
When filling in the following amounts, think about how much your family would need today. And how long they’ll need it to help life go right. Most of us need a bit more than we realize, so don’t be surprised by the number you get.
   Loans Mortgage $
Income x $
  Short-term loans, outstanding short-term debt or financial obligations, such as:
• Auto loans
• Student loans
• Credit cards
• Personal lines of credit
Final Expenses
Other Needs
Annual wages
Years needed
$ $
$ $
$ $
   Include medical, funeral and possible estate tax costs.
According to the National Funeral Directors Association, the median cost of a funeral with burial services and a vault is $8,755. Median cost for cremation services is $6,260. (Source: NFDA 2017 General Price List Survey)
    Estimated college expenses or continuing education
Number of children
According to College Board estimates, the average cost for college for the 2017-2018 academic year: $25,290 for an in-state four-year public school and $50,900 for a private four-year college. These figures include tuition, fees, room and board, books and supplies, transportation and other expenses. (2017)
  Include costs for needs, such as:
• Replacing services of a stay-at-home spouse
• Providing services for an elderly parent or
special needs family member
• Charitable gifts
        Estimated Life Insurance Needs Totals =
    Jana Lake, Agent
2421 Airport Blvd, Wilson, NC 27896 Bus: 252-291-4625

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