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
0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21	0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21	0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21	0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21	0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21	0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21
School	School	School	School	School	School
0 Public Private	0 Public Private	0 Public Private	0 Public Private	0 Public Private	0 Public Private

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:

%