In order to cover your immediate needs of $120,000 and your long-term income needs of $3,849,668 you should consider purchasing an additional $1,470,000 of life insurance.<table class='pure-table' role='grid'><tr><th class='section'>Needs</th><th></th></tr><tr><td>Immediate needs</td><td>$120,000</td></tr><tr><td>Long-term needs</td><td>$3,849,668</td></tr><tr><td>Total needs</td><td>$3,969,668</td></tr><tr><td></td><td></td></tr><tr><th class='section'>Resources</th><th></th></tr><tr><td>Investment assets</td><td>$2,500,000</td></tr><tr><td>Existing life insurance</td><td>$0</td></tr><tr><td>Spouse's earnings</td><td>$-0</td></tr><tr><td>Total resources</td><td>$2,500,000</td></tr><tr><td></td><td></td></tr><tr><td>Shortfall</td><td>$-1,469,668</td></tr><tr><td><b>Additional life insurance needed</b></td><td><b>$1,470,000</b></td></tr></table> <div id="chart1Container">Chart will load here</div> <script type="text/javascript"> <!-- var myChart1 = new FusionCharts( "Pie2D", "myChart1Id", "100%", "100%", "0", "1" ); myChart1.setXMLData("<chart showValues='1' showFCMenuItem='0' decimals='0' formatNumberScale='0' enableSmartLabels='1' startingAngle='45' enableRotation='1' caption='Insurance Need' xAxisName='' numberPrefix='$' bgColor='FFFFFF' showBorder='1' borderColor='FFFFFF' borderThickness='1' canvasBgColor='ffffff' showAlternateHGridColor='0' plotGradientColor='' numberSuffix='' thousandSeparator=',' decimalSeparator='.'><set value='2500000.0' label='Investment Assets' /><set value='0.0' label='Insurance Proceeds' /><set value='1469668.0' label='Insurance Need' isSliced='1' /><set value='0.0' label='Spouse&apos;s Earnings' /></chart>"); // --> </script> <table class='pure-table pure-table-bordered' role='grid'><tr><th scope="col">Year</th><th scope="col">Spouse Age</th><th scope="col">Spouse Income</th><th scope="col">Available Income</th><th scope="col">Desired Income</th><th scope="col">(Shortfall)/ Surplus</th><th scope="col">Available Resources</th><th scope="col">Insurance Needed</th></tr><tr><td role="rowheader" scope="row">1</td><td>66</td><td>$0</td><td>$0</td><td>$250,000</td><td>$-250,000</td><td>$2,380,000</td><td>$0</td></tr><tr><td role="rowheader" scope="row">2</td><td>67</td><td>0</td><td>0</td><td>255,000</td><td>-255,000</td><td>2,236,500</td><td>0</td></tr><tr><td role="rowheader" scope="row">3</td><td>68</td><td>0</td><td>0</td><td>260,100</td><td>-260,100</td><td>2,080,575</td><td>0</td></tr><tr><td role="rowheader" scope="row">4</td><td>69</td><td>0</td><td>0</td><td>265,302</td><td>-265,302</td><td>1,911,499</td><td>0</td></tr><tr><td role="rowheader" scope="row">5</td><td>70</td><td>0</td><td>0</td><td>270,608</td><td>-270,608</td><td>1,728,507</td><td>0</td></tr><tr><td role="rowheader" scope="row">6</td><td>71</td><td>0</td><td>0</td><td>276,020</td><td>-276,020</td><td>1,530,793</td><td>0</td></tr><tr><td role="rowheader" scope="row">7</td><td>72</td><td>0</td><td>0</td><td>281,541</td><td>-281,541</td><td>1,317,512</td><td>0</td></tr><tr><td role="rowheader" scope="row">8</td><td>73</td><td>0</td><td>0</td><td>287,171</td><td>-287,171</td><td>1,087,770</td><td>0</td></tr><tr><td role="rowheader" scope="row">9</td><td>74</td><td>0</td><td>0</td><td>292,915</td><td>-292,915</td><td>840,628</td><td>0</td></tr><tr><td role="rowheader" scope="row">10</td><td>75</td><td>0</td><td>0</td><td>298,773</td><td>-298,773</td><td>575,099</td><td>0</td></tr><tr><td role="rowheader" scope="row">11</td><td>76</td><td>0</td><td>0</td><td>304,749</td><td>-304,749</td><td>290,142</td><td>14,606</td></tr><tr><td role="rowheader" scope="row">12</td><td>77</td><td>0</td><td>0</td><td>310,844</td><td>-310,844</td><td>0</td><td>310,844</td></tr><tr><td role="rowheader" scope="row">13</td><td>78</td><td>0</td><td>0</td><td>317,060</td><td>-317,060</td><td>0</td><td>317,060</td></tr><tr><td role="rowheader" scope="row">14</td><td>79</td><td>0</td><td>0</td><td>323,402</td><td>-323,402</td><td>0</td><td>323,402</td></tr><tr><td role="rowheader" scope="row">15</td><td>80</td><td>0</td><td>0</td><td>329,870</td><td>-329,870</td><td>0</td><td>329,870</td></tr><tr><td role="rowheader" scope="row">16</td><td>81</td><td>0</td><td>0</td><td>336,467</td><td>-336,467</td><td>0</td><td>336,467</td></tr><tr><td role="rowheader" scope="row">17</td><td>82</td><td>0</td><td>0</td><td>343,196</td><td>-343,196</td><td>0</td><td>343,196</td></tr><tr><td role="rowheader" scope="row">18</td><td>83</td><td>0</td><td>0</td><td>350,060</td><td>-350,060</td><td>0</td><td>350,060</td></tr><tr><td role="rowheader" scope="row">19</td><td>84</td><td>0</td><td>0</td><td>357,062</td><td>-357,062</td><td>0</td><td>357,062</td></tr><tr><td role="rowheader" scope="row">20</td><td>85</td><td>0</td><td>0</td><td>364,203</td><td>-364,203</td><td>0</td><td>364,203</td></tr></table>{"immediateNeeds": "$120,000", "longtermNeeds": "$3,849,668", "totalNeeds": "$3,969,668", "spousesEarnings": "$-0", "socialSecurity": "$0", "totalResources": "$2,500,000", "shortfall": "$-1,469,668", "lifeInsuranceNeeded": "$1,470,000"}