Our Insurance Needs Estimator will help you determine how much insurance coverage you need to protect your loved ones.

Step 1: Calculate Your Liabilities
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) $
Total Immediate Cash Liabilities at Death $
(subtotal above will be
automatically calculated)
Childrens' education fund
Number of Children child/children
Cost per Year per Child $
Years Needed Per Child yrs.
Total childrens' education fund $
(subtotal above will be
automatically calculated)
Funding for replacement of lost income
income: $
Percentage of income
required for survivors (i.e. 90%)
Number of years over which
income continuation will be required
Anticipated Interest expected
on investment of funds:
Income is to be
indexed (for inflation)
Total provision for income funding $
(subtotal above will be
automatically calculated)

Step 2: Calculate Your 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 $

Step 3: Calculate Your Life Insurance Needs Estimate
Your Total Liabilities (from above) $
Your Total Assets (from above) -
Your Life Insurance Needs Estimate $

Notes on your insurance needs estimate
1. The amount shown above is an estimate of the amount of life insurance coverage that you may need IN ADDITION to the existing coverage that you have indicated.

2. A negative amount above (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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