How Much Life Insurance Do I Need?

Age, Income and Assumptions
Your current age 
Spouse's current age (if applicable) 
Current annual income 
Spouse's annual income (if applicable) 
Spouse's desired retirement age (if applicable) 
Investment return: (%) 
Anticipated inflation rate: (%) 
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 
Available Resources
Investment assets 
Existing life insurance 
Include social security benefits? 
Age of oldest child under 18 
Age of second child under 18 
Age of third child under 18 
Age of fourth child under 18 
< > EmbedPowered by CalcXML