As people begin looking into life insurance, the first question most of them form is, “How much do I need?” The short answer is enough to protect your family against any existing debts, funeral expenses, and security in light of the loss of your income. InsureMeOnline.com makes this simple for you: we provide you with fast, free quotes from multiple life insurance carriers, to help you provide this security for your family (and business, if applicable), at the lowest price.

A basic needs analysis is an evaluation of your family's financial obligations and goals, including both its current and anticipated expenditures. Below we lay out the line items most families need to consider, and it’s a great place for most of our customers to start. If you have a high-needs, high-risk or another special situation on your hands, InsureMeOnline.com will get you moving in the right direction, free of charge.

Basic Needs Analysis

Line items a majority of families need to consider:

• Mortgage debt
• College expenses
• Anticipated estate taxes
• Ongoing living expense
• Ongoing healthcare costs
• Retirement plan benefits
• Social security benefits
• Investment income
• Earning potential of surviving spouse

We recommend families perform a fresh needs analysis every 5 years or so, or anytime there is a major change, such as the birth of a child, a change in wealth, or the diagnosis of a significant illness.