How much life insurance do I need?

Helping your survivors meet their financial needs is one of the most important and fundamental obligations you have. This usually requires the purchase of a life insurance policy to ensure that your family's needs will continue to be met, even after an untimely death.
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 calculator is an educational tool you can use to help estimate your future financial needs, based on variables you have selected. It cannot predict future returns or results, nor should you use past performance to predict future results. Financial decisions should not be made based on the results provided by this calculator. Always consult with your financial, tax or legal counsel before making such decisions. Generally speaking, investments that offer the potential for higher rates of return also involve a higher degree of risk.

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