Financial Advisor Life Insurance Needs Analysis
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Create a life insurance needs analysis for client.

Client details (placeholders):
- Age: [age range]
- Dependents: [spouse/children — ages]
- Income: $[annual]
- Existing coverage: $[amount]
- Debts: $[mortgage/other]
- Assets: $[savings/investments]
- Goal: [income replacement/debt coverage/estate planning]

LIFE INSURANCE NEEDS ANALYSIS

1. WHY LIFE INSURANCE
   - Income replacement for dependents
   - Debt elimination
   - Final expenses
   - Education funding
   - Estate equalization
   - Business continuation

2. NEEDS CALCULATION METHODS

   DIME METHOD
   D - Debt: $[mortgage + other debts]
   I - Income: $[annual income x years needed]
   M - Mortgage: $[balance]
   E - Education: $[per child x children]
   Total DIME need: $[]
   Less existing assets: $[]
   Coverage needed: $[]

   HUMAN LIFE VALUE
   - Annual income: $[]
   - Years to retirement: [number]
   - Discount rate: [%]
   - Present value of future income: $[]

   INCOME REPLACEMENT
   - Annual income needed: $[]
   - Years of coverage: [number]
   - Investment rate assumed: [%]
   - Coverage needed: $[]

3. COVERAGE RECOMMENDATION
   - Total need: $[calculated]
   - Existing coverage: $[]
   - Gap: $[]
   - Recommended new coverage: $[]

4. POLICY TYPE ANALYSIS

   TERM LIFE
   - Cost: [lower]
   - Duration: [specific term]
   - Best for: [income replacement/mortgage coverage]
   - Quote range: $[/month estimate]

   PERMANENT LIFE
   - Cost: [higher]
   - Duration: [lifetime]
   - Cash value: [accumulates]
   - Best for: [estate planning/permanent need]

5. RECOMMENDATION
   - Type: [term/permanent/combination]
   - Amount: $[]
   - Term: [years if term]
   - Reason: [rationale]

Disclosure: Life insurance recommendations require full underwriting and licensed insurance professional review.

Source: https://promptzyo.com/prompt/financial-advisor-life-insurance-needs-analysis