Life Insurance Calculator

Free Life Insurance Calculator

FREE LIFE INSURANCE CALCULATOR.

A life insurance calculator is important to help you figure out how much life insurance you really need. When purchasing life insurance, a life insurance calculator is important. The question really isn’t how much you need, but how much capital your family will need at the time of your death, which depends on these two variables:

  • Expenses. How much will be needed at death to meet immediate obligations? This amount takes into account all final expenses: uncovered medical bills, funeral and estate-settling costs, outstanding debts, mortgage balance, and college costs to name a few.
  • Income. How much future income is needed to sustain the household? This is the number you’ll arrive at after calculating the “present value” of cash-flow streams your family will need after your death.

massquotes Free Life Insurance Calculator will compute:

Step 1- Expenses. Estimate your family’s expenses that could be funded or paid off by life insurance in the case of our death. Items should include: Funeral & Estate Costs, Outstanding Mortgage, Outstanding debts (other than mortgage), How many children require college funding?

Step 2- Income. Estimate your family’s recurring income needs if you died today, including: Monthly Income Need, How many years should income be provided?

Step 3- Savings. Estimate your family’s sources of income, including: Your current amount of life insurance, family’s current saving & investments, your current retirement savings, monthly after-tax income from spouse, years spouse’s income will continue?

Step 4- Settings. Review and adjust the typical settings before our life insurance calculator gets to work. Items include: Inflation rate, College inflation, Assumed rate of return on savings, 4 year public college expense, 4 year private college expense.

Step 5- Results. Within seconds our life insurance calculator will suggest an appropriate amount of life insurance you require. Should you die, the financial impact on your dependents is the loss of your income as well as the immediate expenses associated with your death. The death benefit offered through life insurance serves as replacement income for a period of time to help your family build a more financially secure future.

Try MassQuotes free, powerful online life insurance calculator tool.

https://www.insurenowdirect.com/massquotes/Calculator.aspx

There’s no obligation: only information!

 

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