<%@ Language=VBScript %> Life Calculator
     To estimate your current life insurance needs, complete this worksheet.
  Life Insurace Calculator 
  Step 1: Death Cost
  Burial Cost: $
  Probate & Will (consult your CPA) $
  Step 2: Taking care of those left behind
  Children's Education Fund
$ X = $
Total cost of degree* Number of children
*The average annual cost of tuition for a four-year, in-state public university is about $5,000 per year. A private university is $20,000 per year.  Current average room-and-board costs are about $5,000 per year.  Books and other fees should be included as well.
  Mortgage Balance $
  Other Debt Repayment: Auto loans, home equity, credit card balances. $
  Annual Dependent expenses: Care for dependent(s).
$ X = $
Total annual amount Years to continue support Total  $
  Step 3: Your existing liquid assets and life insurance policies
  Current life insurance, savings & retirement and other liquid assets. $
          Total
  Step 4: Amount of additional life insurance you need
  Step 1 + Step 2 - Step 3 $
Additional life insurance needed
Calculator Help: Return to Top
  • All fields are numeric. This means you can only enter characters between 0 and 9.
  • Only amount fields (Degree Cost and Dependent Cost) allow decimal points.
  • Changing any field will automatically recalculate the others.