How much life insurance do I need?

Planning to meet the financial needs of your survivors is one of the most important and fundamental steps in creating a sound financial plan for you and your family. This step may require you to purchase a life insurance policy to ensure that your family's needs will continue to be met, even after your untimely death cuts your earnings potential short.
Age, Income and Assumptions
Current annual income ($) 
Spouse's annual income (if applicable) ($) 
Spouse's current age (if applicable) 
Spouse's desired retirement age (if applicable) 
Investment return (%) 
Anticipated inflation rate (%)help
Immediate Cash Needs
Funeral expenses ($) 
Final expenses ($) 
Mortgage balance ($) 
Other debts ($) 
Long-Term Income Needs
Desired annual income needs
(typically 70-80% of current combined income) ($)		 
Number of years income is needed 
College needs ($)help
Available Resources
Investment assets ($) 
Existing life insurance ($) 
Include Social Security benefits?help
Age of oldest child under 18 
Age of second child under 18 
Age of third child under 18 
Age of fourth child under 18 
   

This information may help you analyze your financial needs. It is based on information and assumptions provided by you regarding your goals, expectations and financial situation. The calculations do not infer that the company assumes any fiduciary duties. The calculations provided should not be construed as financial, legal or tax advice. In addition, such information should not be relied upon as the only source of information. This information is supplied from sources we believe to be reliable but we cannot guarantee its accuracy. Hypothetical illustrations may provide historical or current performance information. Past performance does not guarantee nor indicate future results.

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