Determining How Much Supplemental Life Insurance You Need
Some worksheets to help you decide. Do not construe this as financial advice.

Now that the Trust offers portability of supplemental life insurance, it's even more critical to assess your needs while you can take advantage of this benefit. The insurance you elect now could protect your family during your retirement, or until you find other employment.

To determine your needs, now, and for the future, the best place to start is by knowing your finances. How much of your income is seasonal? Use this worksheet along with the budgeting worksheet to get a sense of your overall financial picture.

Worksheet 2 - "Occasional And Seasonal Expenses"
Some big expenses like property taxes and insurance premiums come up only once or twice a year. Others are seasonal, such as school clothes in the fall and holiday gifts in December. Use this chart to help you estimate these expenses and include them in your spending plan.

Return to Calculating your life insurance needs. You may want to review worksheet 3 or read more about portability.

Supplemental life insurance is available to you through the Union-led Benefits Trust.