Include financial assets that could help support your family if your income were no longer available. Examples include savings accounts, certificates of deposit (CDs), brokerage accounts, mutual funds, retirement accounts (401(k), IRA), and other investment assets. Do not include the value of your primary residence or personal belongings.

Enter the average annual rate of return you expect your savings and investments to earn over time. A conservative estimate between 4% and 7% is commonly used for long-term financial planning. Enter the number as a percentage (for example, 5 for 5%).

The discount rate estimates how today's dollars compare to future dollars when calculating the present value of future income. It reflects factors such as inflation, interest rates, and investment returns. A value between 2% and 4% is commonly used for educational planning. Enter the number as a percentage (for example, 3 for 3%).

Include financial obligations your family would be responsible for if you were no longer living. Examples include mortgages, home equity loans, vehicle loans, student loans, credit card balances, personal loans, and any other outstanding debts.

Include future expenses you would like your life insurance to help fund. Examples may include college education, childcare, final expenses, emergency savings, retirement support for a spouse, business obligations, or leaving a financial legacy for your family.