Level, Renewable,
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"No" or "Low" Load Life

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Level Term: It may be
your best term option
Understanding Graded Whole Life
Decreasing Term: aka, Mortgage Life Ins.
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Life Ins Calculator

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Calculate The Estimated Amount of Life
Insurance You'll Need

Step 1) Evaluate Your Assets and income

Fill in your current income

$

# of years your spouse will require your annual income

 

Current investment income (rental properties, annuities, dividends and so forth)

$

Liquid current assets - All your assets that can be cashed out within three months
(We recommend not liquidating retirement accounts due to IRS excise tax penalties)

$

The face amount of your present life insurance coverage:

$

Step 2) Evaluate All Your Expenses and Debts

Outstanding mortgage balance(s):

$

All outstanding loans:

$

Projected final expenses: (medical, taxes, funeral)

$

 

Step 3) Estimate College Expenses and Child Support
*We recommend an average annual tuition cost of about $15,000 to $20,000

Child: Monthly child cost: Years child will need support: College expenses:
1 $ years
2 $ years
3 $ years
4 $ years
5 $ years

Estimated Additional Life Insurance: $

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


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