Womans Life Insurance Assessment

Answer a few simple questions and create a life insurance recommendation based on your personal needs

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How old are you?

Why are we asking this question?

Often, insurance policies are specific to certain age ranges. Knowing your age helps us determine which coverages you are eligible for.

What is your annual income before taxes?

Why are we asking this question?

The benefit from your life insurance can be used to replace your income and ensure that your loved ones can maintain their current lifestyle.

18%

Please select all of the following
that apply to your household

I am Single I have a child/children I am Married I am the parent of a child/children with a special needs Please complete marital status I am taking care of my parents

Why are we asking this question?

Protecting your loved ones’ financial needs is often the number one reason to get life insurance.

27%

How old is your spouse?

Why are we asking this question?

We will consider your spouse's age as well as yours when making recommendations.

36%

Is your spouse employed?

YES NO

What is your spouse’s annual income before taxes?

Why are we asking this question?

Your spouse’s income can be used as a factor in determining how much income needs to be replaced to ensure that your family can continue to meet any financial obligations.

45%

How many children do you have?

How old are they?

Child 1

Child 2

Child 3

Child 4

Child 5

Child 6

Why are we asking this question?

The ongoing care of your children can be expensive. Beyond food and clothing there are educational costs to consider as well as general living expenses. Life insurance can help ensure that your children’s financial security is protected.

54%

Do you want to set aside funds for their education?

YES NO

Why are we asking this question?

College costs can create mountains of debt for your children.

63%

Here is your personalized life insurance needs analysis

Limited
Coverage Enhanced
Coverage

We recommend $20,000 of additional life insurance coverage to protect your loved ones’ standard of living.

$15,000 for final expenses

$75,000 to pay off outstanding debts

Additional considerations: The $1,000,000 of coverage that you currently have has been subtracted from the recommended total.

Your current life insurance coverage meets our recommended limited coverage amount. Please remember that insurance you’ve purchased or insurance through your employer may not be permanent coverage. You should periodically review your coverages as your insurance needs will change over time. You may also want to review your retirement savings plan. Click here to get started.

We recommend $20,000 of additional life insurance coverage to protect your loved ones’ standard of living.

$25,000 for final expenses

$75,000 to pay off outstanding debts

$52,031 to provide a replacement income

$25,000 to establish an education fund

$25,000 designated for charitable giving

Additional considerations: The $1,000,000 of coverage that you currently have has been subtracted from the recommended total.

Your current life insurance coverage meets our recommended coverage amount. Please remember that insurance you’ve purchased or insurance through your employer may not be permanent coverage. You should periodically review your coverages as your insurance needs will change over time. You may also want to review your retirement savings plan. Click here to get started.

We recommend $20,000 of additional life insurance coverage to protect your loved ones’ standard of living.

$50,000 for final expenses

$75,000 to pay off outstanding debts

$52,031 to provide a replacement income

$25,000 to establish an education fund

$25,000 designated for charitable giving

Additional considerations: The $1,000,000 of coverage that you currently have has been subtracted from the recommended total.

Your current life insurance coverage meets our enhanched coverage amount. Please remember that insurance you’ve purchased or insurance through your employer may not be permanent coverage. You should periodically review your coverages as your insurance needs will change over time. You may also want to review your retirement savings plan. Click here to get started.

Are you concerned about the cost of coverage at the recommended levels? It may not be as expensive as you think. Two in three adults overestimate the true cost of life insurance by two times the actual amount.

By taking your needs and priorities into consideration, and using a combination of life insurance products and riders, a professional life insurance expert can help you design a plan to fit your unique needs. Click here to request a consultation or call 1-800-521-9292 extension 261 today.

(*Source: 2015 Insurance Barometer Study, Life Happens and Limra)

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Do you rent or own your home?

Rent Own

How much is your monthly rent?

How much is remaining on your mortgage?

Why are we asking this question?

Protecting your family’s home and maintaining their current lifestyle are important factors to consider in your coverage planning.

72%

What are your other outstanding debts?

Car Loan:

Credit Cards:

Other Debt:

Why are we asking this question?

Life insurance can relieve your loved ones of your outstanding debts by using the tax free death benefit to pay them off.

81%

Do you have any existing life insurance?

YES NO

Total Group Life amount through your employer:

Total Individual Life amount:

Why are we asking this question?

If you already have coverage, including mortgage insurance, you may require less coverage. Owning your own life insurance gives you flexibility and portability; your protection stays with you when you change jobs, become unemployed, or retire.

90%

Would you like to set aside funds for a charitable donation?

YES NO

Donation Amount:

Why are we asking this question?

Life insurance can be an effective tool to help you leave a lasting personal legacy and support the charitable organization(s) you care about even after you are gone. You may also be able to offset final estate taxes with charitable donations.

100%

As a non-profit membership organization, Woman’s Life Insurance Society provides a variety of member benefits including free resources, discounted services, and scholarship opportunities. We also offer financial support to empower active members to make a positive difference in their own communities. In just the last five years, Woman’s Life chapters have contributed more than $4 million to member-selected charitable organizations and individuals in need. Learn more about Woman’s Life

Retirement Calculator

The information and recommendations provided by this Life Insurance Needs Analysis tool are general projections. The results and explanations may vary based on the information you provide. The actual amount of life insurance needed to meet your family’s financial needs may be significantly different. For a more comprehensive and detailed analysis specific to your individual circumstances, we encourage you to contact Woman’s Life, or an appropriately licensed life insurance professional. This needs analysis tool is not an application for life insurance and does not ensure the availability of, or your eligibility for any specific product or amount of insurance. Information is provided for illustrative purposes only and is not intended to offer any tax, legal, or financial advice. Woman’s Life does not guarantee the accuracy of the Life Insurance Needs Analysis tool, and will not be liable for any errors or omissions, or any damages arising from the use or misuse of this tool.