Life Insurance Needs Calculator
 

Liabilities:
Enter your information in the white boxes
	Amount required to pay off the balance of the mortgage (including penalties and legal commissions and fees)	$
	Amount required to pay off personal debts (including credit cards, personal loans, tuition loans , car loans, etc.)	$
	Emergency reserve fund (including funding for extraordinary medical expenses and a reserve for emergency and unexpected expenses)	$
	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	$
	Childrens' education fund   Number of Children child/children  Cost per Year per Child $  Years Needed Per Child yrs.
	Total  (Childrens' education fund)	$
	Funding for replacement of lost income   AnnualSemi-AnnualQuarterlyBi-MonthlyMonthly income: $  Percentage of income required for survivors (i.e. 90%) %  Number of years over which income continuation will be required yrs.  Anticipated Interest expected on investment of funds: % Income is to be indexed (for inflation) %
	Total (Provision for income funding)	$
TOTALS LIABILITIES:		$

 

Current Assets:
Liquid Assets: (Including bank accounts, mutual funds, certificates of deposit, stocks, bonds and cash)	$
Face (coverage) amount of all life insurance policies in force	$
TOTAL OF CURRENT LIQUID ASSETS & IN-FORCE LIFE INSURANCE:	$

 

Total Liabilities (from above)	$
minus	-
Total Assets (from above)	$
equals	=
Additional life insurance coverage need estimate	$
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The amount shown in the green  box is an estimate of the amount of life insurance coverage that you may need IN ADDITION to existing coverage that you have included under click here to get a free online quote!

Note:  A negative amount in the green box (a minus sign in front ot the amount) may indicate that you may be adequately covered for those liabilities and contingencies that you have included in the above estimate calculator