Needs EstimatorOur Needs Estimator will provide you with an assessment of the amount of life insurance needed to replace your income.
|Step 1. Evaluate Your Income and Assets|
|Your current income:||$|
|Enter the number of years your annual income will be needed by dependents/ beneficiaries if you should happen to die prematurely:|
|Current investment income: (Rental Properties, Dividends, Annuities, etc.)||$|
|Existing liquid assets - All assets that can be turned into cash within 3 months: (Liquidating your retirement accounts can result in tax penalties)||$|
|Step 2. Evaluate Your Debts and Expenses|
|Outstanding mortgage balance:||$|
|Medical expenses and income taxes due:||$|
|Step 3. Evaluate Your Child Support and College Expenses|
|Child:||Monthly child cost||Years child will require support||College expenses|
|Step 4. Estimate Your Expected Interest Rate and The Inflation Rate|
|Please estimate the average annual interest rate you can earn on the invested life insurance proceeds (%)|
|Enter your estimate of the average annual inflation rate (the average rate for the past ten years has been approximately 3%)|
Recommended Amount of Life Insurance:
This information is not an offer of life insurance and should be used for informational purposes only.