Life Insurance Calculator 

Just "Click" to Use the life Insurance Calculator to Determine the Amount of Life Insurance you Need Based on your Current Financial Situation. No Obligation!

If you've been searching on-line for insurance quotes then your search is over. Why visit each major provider when you can get their free quotes here! low prices with top quality service. Find out How Much Life Insurance you need. Quick & Easy.

Questions you need to consider yourself or discuss with your spouce

1. What are your current annual income (Life Insurance Calculator) and your current assets, expenses?

2. How many years will your spouse need your annual income?

3.what is your current investment income (Bank Interests, Stock Dividends, Income from Real Estate, Pension or other sources)

Existing liquid assets--- (Cash, Stocks, Bonds, or any asset that can be turned into cash within 3 months *(Retirement accounts should be a last resort since there will be taxes and possible penalties if they are withdrawn. Life Insurance Calculator!

Terms to Know

Savings balance

The amount of funds available to your family after your expenses at death has been covered. This includes any current life insurance

Spouse income from work

Income expected from your spouse after your death. If your spouse needs education or retraining, make sure that the starting year for this income provides adequate time to complete.

Social security survivor Benefits

Depending on your work history, your family may qualify for Social Security benefits. Typically Social Security benefits for the Widow/Widower cease when the youngest child turns 16. The child's benefit generally continues to age 18. Once the children are gone, Social Security benefits are generally not available until the Widow/Widower turns age 60. Life Insurance Calculator!

Living Expenses With Children at Home

Total monthly expenses while your children are living at home. This should include all monthly expenses except child care.

Living Expenses With Children Gone

Total monthly expenses after your children have left home. This should include all monthly expenses. Life Insurance Calculator!

Children's Education Expenses

Monthly expenses for your children's education expenses. If your children have not yet entered college, and have no other educational expenses, leave this amount at zero and enter an amount in the college fund entry fields in the total expenses at death section.

Investments

Total value of all investments that you are willing to use toward your living expenses.

Other-Life Insurance Calculator!

Any other assets that you may be willing to sell or liquidate.

Estate or Inheritance Taxes on Assets

Taxes that are required to be paid on your assets at death.

Probate costs

Probate costs cover a state's legal fees for disbursing the assets of the deceased. You may incur significant probate costs, depending on your state of residence, even if you have a will.

Life Insurance Calculator!

Funeral costs

All costs required to cover the cost of the funeral.

Uninsured Medical Costs

Any medical costs that are not covered by your medical insurance. Make sure to include any deductibles. Life Insurance Calculator.

Debt Repayment

Credit card debt, auto loans, home equity loans, mortgages or other debt that you wish to repay. Providing the ability to repay these loans if you were to die can significantly help your family meets its monthly living expenses.

Inflation rate. Life Insurance Calculator!

What you expect for the average long-term inflation rate. A common measure of inflation in the U.S. is the Consumer Price Index (CPI), which has a long-term average of 3.1% annually, from 1925 through 2004. Your total expenses are increased by this rate for each year you require income. The income you would receive from your life insurance policy is used to cover any shortfalls between your expected income from all sources and your expenses.

Total amount of life insurance coverage you currently have for yourself. Number of years your spouse will need to use your insurance proceeds to provide for living expenses and income. Life Insurance Calculator!