Detailed Life Insurance Estimator

This self-assessment tool includes 21 questions in two sections designed to help you determine approximately how much life insurance you need to provide for your beneficiaries. (Short on time or information? Try the Basic Life Insurance Estimator.)

To use the tool, fill in the fields indicated on the worksheet, using numerals only. The calculations will be done for you. If a field is left blank, the tool will assume the correct value to be 0 (zero). Tip: If you need help with a question, click on "more info..."

Disclaimer:
Note that this needs-analysis calculator is merely a discovery tool useful for estimating the amount of life insurance you may need. Your individual situation may require more or different kinds of analysis. Please consult with your life insurance professional for a more comprehensive evaluation of your life insurance needs.

Current Income Income here refers to your salary or other sources of income, including investments.
1. What is your current annual pre-tax salary?	$
2. What is your spouse's current annual pre-tax salary?	$
3. How much additional income does your family current have?	$

Liabilities and Expenses Your liabilities and expenses refer to debts that could be paid from your insurance proceeds.
4. What percentage of your family's current total income would your family need for emergency cash?	%
5. What do you estimate the medical and funeral expenses related to your death will be?	$
6. What is your family's total estimated credit card debt?	$
7. What is your family's total estimated installment loan balance?	$
8. What is the balance of your home mortgage?	$
9. What is the total of your family's other debts or liabilities?	$
10. How much money does your family spend each year providing care for each other?	$
11. How many years will you have to provide this care?
12. How much money do you anticipate paying in total college costs for your children?	$
12a. How much money do you have currently saved toward paying for college?	$

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Detailed Life Insurance Estimator