Life insurance needs estimator

Life insurance needs calculator

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

Children's education fund

Number of children

Cost per year per child

Years needed per child

Total

(Children’s education fund)

Funding for replacement of lost income

Annual Income

Percentage of income required for survivors

Number of years over which income continuation will be required

Anticipated Interest percentage expected on investment of funds

Income percentage is to be indexed

(for inflation)

Total

(Provision for income funding)

Totals liabilities

Total

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

Total

Total Assets

Total

Additional life insurance coverage need estimate

Total

The amount shown above is an estimate of the amount of life insurance coverage that you may need IN ADDITION to existing coverage that you have included under. Note: A negative amount (a minus sign in front of the amount) may indicate that you may be adequately covered for those liabilities and contingencies that you have included in the above estimate calculator

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Life insurance needs calculator

Children's education fund

Funding for replacement of lost income

Totals liabilities

Current assets

Total liabilities

Total Assets

Additional life insurance coverage need estimate

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