The "How Much Do I Need?"
Calculator

Family expenses in the event of your death

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Final/burial expenses

Mortgage

Other debt

Future expense and family income needed

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How many children require college funding?

Total monthly income your family would need if you died today

Number of years income would be needed

Current savings, investments and insurance to cover needs

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Retirement Accounts (IRA, 401(k), Roth, etc

Other savings and investments

Life insurance already in force on your life

Spouse monthly income (if not working, enter 0)

Number of years your spouse expects to work

Rental properties or other monthly income sources

Inflation assumptions

2.25%

After-tax net investment yield

Disclosure: This calculator is to provide a general idea of what may be needed for an individual and family for life insurance coverage. Everyone's situation is unique and we recommend consulting a financial professional. The calculator is hypothetical and for illustrative purposes only.

Inflation source: CPI Index annual inflation rate from 1996 to 2019.

Education expense source: US Department of Education, National Center for Education Statistics. (2019) (NCES 2020-009), Public Institutions, tuition, fees, room & board, full time, $20,050 annual cost.

Recommended amount of coverage:

$10,000

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