term insurance checklist for working women that client can download
Personal Information
Financial Assessment
- List all sources of income.
- Track monthly expenses including fixed and variable costs.
- Calculate total income and total expenses.
- Determine disposable income by subtracting total expenses from total income.
- Assess spending habits and identify areas for potential savings.
- Compile a list of all current debts.
- Include details such as loan amounts, interest rates, and payment schedules.
- Assess the impact of these obligations on monthly cash flow.
- Prioritize debts based on interest rates and payment terms.
- Consider future financial commitments like potential loans or mortgages.
- List all dependents and their ages.
- Assess each dependent's financial requirements, including education, healthcare, and living expenses.
- Estimate the total cost of dependents' needs over time.
- Consider potential changes in dependents' needs in the future.
- Evaluate how insurance can support dependents financially.
Use in Manifestly