The ending of a relatioship whether from death or divorce one is presented with some very unique risk factors that should be reviewed for life insurance needs. It is critical that you review where you are financailly and the responsibilities you are to be left with. You should realize there is a good possibility that the future may bring added responsibilities and possible debt that a loss of income could develop a risk beyond your means to deal with.  Since your current age will increase there should be consideration given for the fact that rates should be much less then waiting for an older age or when your 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.

                                                                                                                              Lump Sums                                 Monthly Needs

1. The home mortgage amount                                                                        _________________                  _______________
2. Auto loans                                                                                                  _________________                  _______________
3. Student School loans                                                                                   _________________                  _______________
4. Needs for aging parents                                                                               _________________                  _______________
5. Special needs child                                                                                      _________________                  _______________
6. Continuing Ed requirements                                                                         _________________                   _______________
7. Credit Card Debt                                                                                        _________________                   _______________
8. Installment Debt                                                                                          _________________                   ________________
9. Children's College debts or saving for                                                          _________________                   ________________
10. Personal loans unpaid                                                                                  _________________                   ________________
11. Business or hobby debt                                                                               _________________                   ________________
12. Medical debt fund, funds to cover ded, co-insurance, and missing coverages_________________                   ________________
13. Tax benefit loss                                                                                            _________________                  ________________
14. Subtract any currently owned life insurance                                                   _________________                  ________________
15. 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.                                                                          
16. Funds to cover possible estate taxes                                                             _________________                  ________________
17. 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.