Cash Needs Funeral costs $5,000 Probate costs Total estate clearance fund Income Needs Readjustment income $50,000 Retirement income $100,000 Total income needs Special Needs $70,000 Mortgage redemtion fund Emergency fund Total special needs $20,000 Total needs Assets Checking account $15,000 Mutual funds and securities $30,000 Retirement plan $30,000 Current life insurance Total assets $120,000 Life Insurance needed Total needs $120,000 Total assets Additional life insurance needed $140,000