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Family & Home

How Much Life Insurance Do I Need?

Good (216 Ratings)
2.430554/5

Planning to meet the financial needs of your survivors is an important step in creating a sound financial plan for you and your family. If you decide to purchase a life insurance policy, use this calculator to estimate how much life insurance would continue to meet your family's needs if your untimely death were to cut your earnings potential short.

Age, Income and AssumptionsInput
(1-99)
(1-99)
$
$
(1-99)
(0-12)%
(0-10)%
Immediate Cash NeedsInput
$
$
$
$
Long-Term Income NeedsInput
$
(1-30)
$
Available ResourcesInput
$
$
(0-18)
(0-18)
(0-18)
(0-18)
Needs
Resources
{ "WS" : "ads1.finance.vip.re4.yahoo.com/CalcService", "fields" : { "udata" : [ "investment_assets" , "life_insurance" ], "rdata" : { "immediate_needs" : "simple" , "longterm_needs" : "simple" , "total_needs" : "simple" , "spouses_earnings" : "simple" , "social_security" : "simple" , "total_resources" : "simple" , "shortfall" : "simple" , "life_insurance_needed" : "simple" , "chart" : "chart" , "years" : { "year" : [ { "name" : "@year_number", "label" : "Year" } , { "name" : "@spouse_age", "label" : "Spouse Age" } , { "name" : "@spouse_income", "label" : "Spouse Income" } , { "name" : "@soc_sec", "label" : "Social Security" } , { "name" : "@available_income", "label" : "Available Income" } , { "name" : "@desired_income", "label" : "Desired Income" } , { "name" : "@surplus_shortfall", "label" : "(Shortfall)/ Surplus" } , { "name" : "@available_resources", "label" : "Available Resources" } , { "name" : "@insurance_needed", "label" : "Insurance Needed" } ] } } } }
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This calculator is provided by Financial Calculators, Inc., and is intended solely for general information and educational purposes. You should not take any action on the basis of the information provided through this calculator. Please see the disclaimer for further information and limitations.

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