Life insurance calculator
If you die unexpectedly, you may be leaving personal or business debts behind that your family will become responsible for. Use this calculator to determine how much life insurance coverage you should have.
The unpaid portion of your mortgages, loans and debts you would like paid upon your death.
Number of years (maximum of 20) you would like your family to be able to withdraw cash to replace your annual income.
Lump sum to be set aside at your death for each child multiplied by the number of children.
Lump sum to pay uncovered medical bills as a result of care upon death.
- Dependent care-lump sum to be set aside at your death to care for each child multiplied by the number of children.
- Rent/housing-lump sum to be set aside at your death to pay rent or housing expenses for your family.
Lump sum to pay your final burial expenses.
Total lump sum total of all debts, income replacement, college costs, uninsured medical bills, transitionary funds, and final expenses.
- Existing life insurance -Total value of all life insurance you currently own.
- Liquid assets - Total of all of your cash, checking, savings, stocks and mutual funds that could be liquidated in the event of your death.
Total lump sum of your existing life insurance and liquid assets.
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