Life Insurance Calculator

Life Insurance Calculator

Life Insurance calculator to protect your current income

	1. What is your annual income?
	2. For how many years do you want to protect it?
	3. Against what annual inflation factor do you want to protect?
	4. At what annual interest rate can the insurance proceeds be invested?
	5. insurance:	$

To see what this life insurance would cost, use our

INSURANCE COST ESTIMATOR _________________________

Perhaps the biggest mistake made by life insurance shoppers is not calculating the necessary insurance amount. For example, $100,000 sounds like a lot of money. But, when you realize that the insurance amount needs to provide income for many years if your life ends unexpectedly, $100,000 will not go very far. That's because the life insurance amount must be used to fund an investment, which then provides the replacement for your income.

For example, if your life insurance pays out $100,000 to your dependents, and they invest it at a return of 10%, they will receive $10,000 in annual replacement income. Can your dependents live on $10,000 per year? If not, then you should use our life insurance calculator to figure out how much insurance is required to replace your current income.

The good news is that term life insurance has become very affordable over the past few years, and the price war is still being waged. Once you have calculated your insurance amount, then use our cost estimator to find out how affordable term life insurance has become. Good luck!

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