HDFS 3350 DJ Richards wondered if he had adequate life insurance for his family if he were to pass away. He decided to complete the Life Insurance Worksheet. His current yearly income is $38,400. He would like to leave income for his dependents for 30 years. He thinks a funeral will cost about $10,000. He has $181,000 in debt and he would like to leave $90,000 for his children for college. His Social Security Benefit statement said that if he would to die right now, his spouse and children would receive $1,370 a month in benefits and he thinks they would get that amount for around 15 years. He doesn't really have any other assets that could be used toward these expenses