How Much Life Insurance Do You Need?

In other words, how much coverage will it take to meet the needs of your family in the event of your untimely death? Use our needs-analysis tool to help you make sure you cover all your bases.

Age, Income and Assumptions
Your current age
Spouse’s current age (optional)
Current annual income
Spouse’s annual income (optional)
Spouse’s desired retirement age (optional)
Investment return: (%)
Anticipated inflation rate: (%)
Immediate Cash Needs
Funeral expenses
Final expenses
Mortgage balance
Other debts
Long-Term Income Needs
Desired income needs
(typically 70-80% of current combined income)
Number of years income is needed
College needs help
Available Resources
Investment assets
Existing life insurance
Include social security benefits?
Age of oldest child under 18
Age of second child under 18
Age of third child under 18
Age of fourth child under 18
 
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