Term Life Calculator

The following calculator will help you estimate your family's financial needs for life insurance, following their loss.

Financial Need

 Amount

    
 

Remaining Balance on Current Mortgage  

$

    
 

 Funeral Expenses  

$

    
 

Children's Future Education  

$

    
 

Debt (Autos, Credit Cards, Loans, etc)  

$

    
 

Family Emergency Fund  

$

    
 

Your Current Income*  

$

    

 Total Life Insurance Need**

$

* Your Current Income - Will be multiplied 7 times then added to the "Total Life Insurance Need".  This is to adjust for the fact that your family will need to replace your income for the rest of their life.  7 years is a typical time frame to adjust to the absence of your lost income.

** The "Total Life Insurance Need" is for estimation purposes only.  Only you can determine the exact needs of your family following their loss.