Life and Health Insurance Foundation for Education

    • Life Insurance needs calculator

    Below, please estimate some of the lump-sum needs that would exist at the time of your death.

    Enter only numbers, no commas or dollar signs.

    Estimate Your Family’s Expenses in Case of Your Death:


    1. Final expenses: 

    2. Outstanding debts (other than your mortgage): 

    3. Outstanding mortgage

    4.College funding needs:

    Child 1 age Child 2 age Child 3 age Child 4 age Child 5 age Child 6 age
    School School School School School School

    Estimate Your Family’s Income Needs in Case of Your Death:

    1. Total annual income your family would need if you died today:

    2. How many years should income be provided? 

    3. What is your current savings and investments (not including retirement funds)? 

    4. What are your current retirement savings

    5. What is the value of the life insurance in force on your life

    Assuming your spouse would work following your death:

    1. What is your spouse’s annual income?

    2. How many years does your spouse expect to work? 

    3. Your spouse’s marginal tax rate%

    Please note: The following assumptions are incorporated in the calculation. You may enter your own data and override these assumptions to gain an even more personalized analysis.

    1. Estimated inflation rate: %

    2. After-tax net investment yield: %



Consumer Insurance Guide SM provides a wide selection of originally-authored articles and expert advice targeted to the self-directed insurance shopper. Our mission is to provide consumers with useful, money-saving information on all things having to do with making sound insurance purchase decisions.

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Copyright ©1984-2015 Life Quotes, Inc., 8205 South Cass Avenue, Suite 102, Darien, Illinois. Life Quotes, Inc. and certain of its personnel are licensed as insurance agents, brokers or producers in all states. CA agent #0A13858, LA agent #200696, MA agent #333509159. dba Life Quotes Insurance Services in CA under agent #0827712, in LA under agent #205078. dba Life Quotes Insurance Services, Inc. in UT under agent #90093. All rights reserved. Telephone (630) 515-0170. Founded 1984.