To assist you in conducting your Life Insurance "Needs Analysis" (to determine How Much Is Enough) ... this is your guide list:

• How much is your current outstanding mortgage ($xxx,xxx) plus;
• Total of all Loans/Lines of Credit plus;
• Total Education Funds (RESP) for your college/university bound children plus;
• Emergency money - rule of thumb is 3 months of your home expenses (from monthly Cash Flow calculator report) plus;
• Final/Funeral expenses - also include income-tax owing + probate fee (to probate your WILL) + estate administration costs plus;
• Other costs/expenses/debt obligation.

Note - the sum of all above is the bare minimum life insurance coverage ("Needs Analysis") required for your spouse and you.

If you need help making sense of these numbers please contact me at Ram@WealthDejavu.com