Broker Check

How much Life Insurance do I need? - (Calculator)


Current Income
How many years do you want your income replaced for?
Enter current debts and liabilities (mortgage, credits cards, car loan, student loans, etc.)
Enter Funeral and Final expenses (the average is $10,000):
Education: do you have kids or family members you would like to provide college education for?

How many?
Provide Public (4700/year * 2) 2-year college, Public 4-year State College (28K* 4), 4-year Private College (38K * 4)

Enter current savings for education
Charity and gifts: Any specific amounts you would like to go to a charity, Alma Mater or specific individuals upon your death

Life Insurance Needs Total