Life Insurance Calculator How much Life Insurance do you need? Please use numbers only, no commas when completing fields.
Step 1. Evaluate Your Income and Assets
What is your current income?	$
How many years will your spouse need your annual income?	1 Year 2 Years 3 Years 4 Years 5 Years 6 Years 7 Years 8 Years 9 Years 10 Years 15 Years 20 Years 25 Years 30 Years
Current investment income (Rental Properties, Dividends, Annuities, etc.)	$
Existing liquid assets - All assets that can be turned into cash within 3 months (We recommend you not liquidate retirement accounts due to tax penalties)	$
The amount of your existing life insurance coverage:	$
Step 2. Evaluate Your Debts and Expenses
Outstanding mortgage balance:	$
Outstanding loans:	$
Final expenses: (Medical, Funeral, Taxes)	$
Step 3. Evaluate Your Child Support and College Expenses
We suggest an average annual tuition cost of $15000 - $20000 per year
Child: Monthly child cost: Years child will require support: College expenses: 1 $ years 2 $ years 3 $ years 4 $ years 5 $ years
Additional Recommended Life Insurance: $