“Life Insurance Needs” Calculator Estimate your family's expenses in case of your deathFinal expensesUSDOutstanding debts (other than your mortgage)USDOutstanding mortgageUSDHow many children require college funding?Age of Child 10123456789101112131415161718192021School TypePublic schoolPrivate schoolTotal annual income your family would need if you died todayTotal annual income?USDHow many years should income be provided?What is your current savings and investments (not including retirement funds)?USDWhat are your current retirement savings?USDWhat is the value of the life insurance in force on your life?USDAssuming your spouse would work following your deathWhat is your spouse’s annual income?USDHow many years does your spouse expect to work?Your spouse’s marginal tax rate?ExtrasEstimated inflation rateAfter-tax net investment yieldAnalysisYour need for life insurance:Analysis$USDShould you die, the financial impact on your dependents is the loss of your income as well as the immediate expenses associated with your death. The death benefit offered through life insurance serves as replacement income for a period of time to help your family build a more financially secure future.Lump Sum Needs at Death:CalculationsFinal expenses:$Outstanding debts$Mortgage:$College Funding$Total Lump Sum Needs:$Income Needs:Annual income to be provided:$Number of years to provide income:Estimated inflation rate %:After-tax net investment yield %:Calculation & Results:Inflation Calculation$Present value of income needs*$Lump sum needs:$Total Lump sum needs:$Less current investment capital:$Less existing life insurance:$Less present value of spouse’s income*:$Your need for additional life insurance:$Do you have any questions or concerns about this calculator? Keep in touch.First Name *Last Name *Email Address *Phone Number *Additional notes0 / 180Submit
