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Life Insurance Need Calculator
Income Needs
Annual income your family would need if you die today
$
Annual income available to your family from other sources
$
Number of years for which your income needs to be replaced
1
10
15
20
25
30
35
40
Expenses
Burial expenses
$
Mortgage and other debts
$
Children\'s College Cost
2
Number of children
----
1
2
3
4
5
Assets
Savings and investments
$
Retirement savings
$
Present amount of life insurance
$
For detailed discussion and analysis about your needs, ask the certified insurance agents.
1
Important note:
Inflation is assumed to be 4%. The rate of return on investments is assumed to be 8%.
2
Source:
The College Board, Trends in College Pricing 2003.
Quick Estimator Result
Income Needs:
Expenses:
Total Needs:
Total Assets:
Estimated amount of additional life insurance needed:
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