Needs Analysis
This analysis will help you determine how much insurance is required.
* Income to be Replaced: Enter your current income.
* Percent of income needed: Assume approximately 70% of your income will be required to maintain current lifestyle.
* Interest Rate: Estimate a conservative interest rate that the insurance proceeds will earn.
* Inflation Rate: By including an inflation rate, the calculator will insure your income remains the same in today's dollars and will not be depleted prematurely.
* Number of years to Replace: Length of time this income will be required, usually until children are no longer dependent or retirement age when other income becomes available.