Life Insurance Calculator

CONTACT INFORMATION
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ADDING UP THE LIABILITIES:
L1 Amount required to pay off the balance of the mortgage(including penalties and legal commissions and fees)
$
L2 Amount required to pay off personal debts (including credit cards, personal loans, tuition loans , car loans, etc.)
$
L3 Emergency reserve fund (including funding for extraordinary medical expenses and a reserve for emergency and unexpected expenses)
$
L4 Final expenses (including income taxes, probate fees, lawyers' commissions and fees, accounting fees, other administrative commissions and fees and funeral costs)
$
Immediate Cash Liabilities at Death
$
C0 Childrens' education fund
Number of Children
Cost per Year per Child
$
Years needed Per Child
L5 Total (Childrens' education fund)
$
I0 Funding for replacement of lost income
income:
$
Percentage of income required for survivors (i.e. 90%)
%
Number of years over which income continuation will be required
Anticipated Interest expected on investment of funds:
%
Income is to be indexed (for inflation)
%
L6 Total (Provision for income funding)
$
TOTALS LIABILITIES
$
Current Assets
CA1 Liquid Assets:(Including bank accounts, mutual funds, certificates of deposit, stocks, bonds and cash)
$
CA2 Face (coverage):amount of all life insurance policies in force
$
TOTAL OF CURRENT LIQUID ASSETS & IN-FORCE LIFE INSURANCE:
$
Total Libalities (from above)
$
Minus Total Assets
-
Total Additional Life Coverage need estimate
$


NOTE: This calculator provides you with only an estimate of the total amount of coverage you may require. For a complete and FREE needs analysis from one of our advisors please Request a Quote.