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 the purchase of 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 
Neither this calculator nor its use are intended to supply advice of any type, including, without limitation, investment or tax advice. Although this tool may contain information, e.g., data regarding tax implications, such information is intended to be educational in nature, and does not constitute an endorsement or recommendation of any financial product, service or suitability thereof for you. The information provided in this calculator is not intended to supply professional tax, accounting, or financial or legal advice, for which you should seek a personal consultation with a professional provider of such services. All results are hypothetical, for illustrative purposes, and are based on the assumptions you enter into the calculator.

Securities and investment advisory services are offered solely through Registered Representatives and Investment Advisor Representatives of Equity Services, Inc., Member FINRA/SIPC, Broker/Dealer and Registered Investment Adviser, 19 South LaSalle Street, Suite 1300, Chicago, IL 60603. (312) 236-2500. Guy Viti Insurance, Viti Financial, and all other entities and individuals referenced are independent of Equity Services, Inc. unless otherwise noted. TC59925(0111)

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