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Financial Tools & Calculators:    Life Insurance Estimator

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Use the simple tool below to estimate your family's financial needs for life insurance. (Enter each input field and tab to input the next field.)
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Financial Coverage Needs

Amount $$$

 

Loan Balance on Mortgage(s)  

$

 

 Funeral or Burial Expenses  

$

 

Your Children's Total College Expenses   

$

 

Money you owe (Autos, Credit Cards, etc)  

$

 

Current Emergency Funds Available  

$

 

You & Your Spouse's Current Annual Income * 

$

 Estimated Life Insurance Needs  **

$


Life Insurance Needs Analysis
Action step #1 - Complete the needs analysis form below & review 2-3x.
Action step #2 - Shop for the best insurance rates.
Action step #3 - Determine where you are going to get this money (reduce savings, get a raise, cut back other spending, etc)
Action step #4 - Take action and make sure your family is protected with the right level of Life insurance.


* An estimate of 5x your annual income is used in this Life Insurance calculation. Your situation may require more or less.
** This is an estimate only. You should consult your financial advisor for your specific financial situation.

MSBJ Holdings LLC's editorial objective is to provide our readers with a forum for personal suggestions, investment ideas, and health & fitness recommendations. Our articles should not be construed as specific advice for the reader, nor does any article imply an endorsement by MSBJ Holdings LLC. Your best course of action must be based on your individual situation.

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