The of two families presents some unique risk factors that should be reviewed for life insurance needs. It is critical that the debt responsibilities and all other responsibliites are review for each so as to properly match risks with life benefits. Each should realize their future may bring added responsibilities and possible debt that the loss of income could develop a risk beyond their means to deal with.  Since their current age will increase and their health may change there should be consideration given for the fact that rates should be much less then waiting for an older age or when their health may change causing added premium or possible declines.   For some they do not want to leave financial burdens for others to deal with after they are gone, whether debt, business responsiblities, or other responsiblities.   Life insurance can help with the replacement of that lost income or cover debt responsiblities.   Life insurance is a contract for a future delivery of funds to meet a possible future risk that you feel is beyond the scope of your resources to properly deal with.   It has often been said that those depended on you may pay many times more for the cost of caring for their financial needs should they be left behind after your death to face those financial needs alone.  For most the cost of proper life insurance would be far less costly.  This same activity should be done for each spouse's risk responsibilities.

                                                                                                                        Lump Sums                                              Monthly Sums

1. The home mortgage amount                                                                   _________________                            _______________
2. Auto loans                                                                                             _________________                            _______________              
3. Student School loans                                                                              _________________                            _______________
4. Needs for aging parents                                                                          _________________                            _______________
5. Continuing Ed requirements                                                                    _________________                             _______________
6. Credit Card Debt                                                                                   _________________                             _______________
7. Installment Debt                                                                                      _________________                            _______________
8. Personal loans unpaid                                                                              _________________                            _______________
9. College debt of Children  or saving for College                                         _________________                            _______________
10. Business or hobby debt                                                                           _________________                             _______________
11. Tax benefit loss                                                                                       _________________                             _______________
12. Subtract any currently owned life insurance                                              _________________                             _______________
13. Employer provided life insurance is not always there, since people today change jobs often, and employers change benefits; thus, this should not be included as part of the family protection coverage.
14. Funds to cover possible estate taxes                                                        _________________                             _______________
15. For business owners, funds to cover business continuation options           _________________                              _______________

Total Risk needs to fund                                                                                    _________________                              _______________

For Item 13, we usually ask for twice the take-home pay of the possible person lost. The total of these items should give them the amount necessary to cover the risks at any given time.  Since people may change their marital staus, lifestyle, the economy may change as may other things may, it is neccessary to review the above needs and the life insurance purchased for meeting those intended risks, to keep the protection on track.