Step zero.

Step zero. Step zero is to ensure that your dependents can depend on your income even in case you are not alive. 1. First identify your dependents. 2. Second establish a cost per month they would need to maintain a chosen life style. 3. Calculate how much is needed for a year. 4. Adjust for inflation. 5. Arrive at an amount per month. 6. Establish how many years the fund should last.