Life Insurance Calculator |
How much Life Insurance do
you need?
Please use numbers only, no commas when completing fields.
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Step 1. Evaluate Your
Income and Assets |
What is your
current income? |
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How many years will your spouse
need your annual income? |
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Current investment
income (Rental Properties, Dividends, Annuities,
etc.) |
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Existing liquid
assets - All assets that can be turned into
cash within 3 months
(We recommend you not liquidate retirement accounts due to tax penalties)
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The amount
of your existing life insurance coverage: |
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Step 2. Evaluate Your
Debts and Expenses
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Outstanding
mortgage balance: |
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Outstanding
loans: |
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Final expenses: (Medical,
Funeral, Taxes) |
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Step 3. Evaluate Your Child
Support and College
Expenses |
*We
suggest an average annual tuition cost of $15000 - $20000 per year |
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