Life Insurance Calculator - Financial Needs

Let's figure out how much life insurance you may need. It will be based on information about you, your current financial situation and what your family might need in the event of your death.

What is your age

Are you Currently Employed?

Yes No

Are you Married?

Yes No

Do you have any dependent children age 18 or under?

Yes No

Child #1

Yes No

Do you want to fund your children's college education?

College Type

	Pubic 4-Year	Private 4-Year
Tuition and Fees	$9,650	$33,480
Room and Board	$10,440	$11,890
Total	$20,090	$45,370

Do you have a mortgage you want to pay off upon your death?

Yes No

Do you have any additional debt you want to pay off upon your death?

Yes No

Are there sources of income available to your family at your death?

Yes No

Source of Income detail #1

Annual Income amount

How many years until the income starts?

How long will the income last?

Do you expect this income to increase every year with inflation?

Yes No

Do you have any financial/investment assets?

Yes No

Do you have any current annuities or life insurance policies?

Yes No

Click the button below to provide the details. Be sure to click the "Save" button for each occurrence.

Amount of insurance (or annuity value)?

Yes No

Do you plan to replace, change, or use any monetary value of any existing or pending life insurance policy or annuity in connection with the policy being applied for?

Are you an active duty service member of the US Armed Forces, a member of the National Guard or an active reservist of the US Armed Forces?

Yes No

How Much Life Insurance Do I Need?