Insurance needs analysis form 2026

1. Click ‘Get Form’ to open the insurance needs analysis form in the editor.
2. Begin by entering your name and the date at the top of the form. This personalizes your analysis.
3. In the 'Income Needs' section, input your family's annual income requirement upon your death. Use the provided multipliers based on how many years of income you wish to cover.
4. Next, list any burial and final expenses, typically around $10,000, followed by mortgage and other debts that need to be accounted for.
5. For college costs, specify the annual amount for each child and how many years they will be in college. Calculate total college costs accordingly.
6. Add up all expenses to find your total capital required in line 6.
7. In the 'Assets' section, document your liquid savings, retirement savings, and current life insurance amounts.
8. Finally, calculate the estimated additional life insurance needed by subtracting total assets from total capital required.

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