Whatever happens, you want to make sure your family is protected from financial hardship. Is your current level of insurance enough to protect them? Our calculator can help you decide. Fill in the fields below to calculate your coverage. |
| Replacement Income |
|
Your annual income (include salary, commissions, and bonuses)
|
$ |
|
|
Your spouse's annual income (include salary, commissions, and bonuses)
|
$ |
|
|
Your annual income from other sources
|
$ |
|
|
Annual income to be replaced
|
$ |
0 |
|
Number of years income is needed
|
$ |
0 |
| Expenses |
|
Funeral (average costs are around $6,500)*
|
$ |
|
|
Legal fees to administer your estate
|
$ |
|
|
Uninsured medical costs
|
$ |
|
|
Mortgage or rent (amount you contribute monthly)
|
$ |
|
|
Household expenses (food, clothing, etc.)
|
$ |
|
|
Loans and debt (car loans, credit cards, personal loans, etc.)
|
$ |
|
|
College costs (total for all children)
|
$ |
|
|
Other (care for your parents, child’s wedding, etc.)
|
$ |
|
|
Total amount required
|
$ |
0 |
| Assets |
|
Savings and investments
|
$ |
|
|
Retirement savings and funds
|
$ |
|
|
Current amount of life insurance
|
$ |
|
|
Other
|
$ |
|
|
Total of all assets
|
$ |
0 |
|
|
Estimated amount of additional insurance needed
|
 |
|
You may also be eligible for Social Security survivor benefits if you have 10 years or more of employment earnings. This can help reduce the amount of additional insurance you need. |
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