Life Insurance Needs - Quick Calculator

This "Quick Calculator" will provide you with an estimate of the amount of life insurance needed to replace a deceased wage earner's income. The calculations assume insurance proceeds are invested at a rate you specify and that your purchasing power is retained based on your assumed rate of inflation.

Step 1: Enter the annual replacement income that will be needed if the insured dies prematurely (before-tax).
Step 2 : Enter the number of years the replacement income will be needed by dependents / beneficiaries.
Step 3: Please estimate the average annual interest rate you can earn on the invested life insurance proceeds. (%)
Step 4: Enter your estimate of the average annual inflation rate. (The average rate for the last 10 years has been approximately 3 %)

Click on "Compute" to calculate the amount of life insurance, adjusted for inflation, that would be needed to replace a deceased's lost annual income:
Get your FREE personal life insurance cost comparison


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