InsureSupport.com - Life Insurance
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Please do not enter commas when completing the fields below:
(This calculator is meant to give you an idea of the amount of insurance that would help protect your family in the premature death of a spouse or domestic partner. Please contact us for a more thorough assessment of your situation to determine the amount and type of insurance that would be best for you.)

Step 1. Evaluate Your Income and Assets

What is your current annual salary?

$

How many years will your spouse depend on you annual salary:
*Through the age of child rearing or through their lifetime?

 

Income received from investments:
* Rental properties, dividends, annuities, etc.

$

Liquid assets:
* All assets that can be turned into cash within 3 months
(We recommend not liquidating retirement accounts due to tax penalties)

$

Amount of existing life insurance:

$

Step 2. Evaluate Your Debts and Expenses

Outstanding mortgage balance:

$

Outstanding loans (student, car, equity lines, etc):

$

Final expenses (Medical, Funeral, Taxes) :

$

Step 3. Evaluate Your Child Support and College Expenses

* For planning purposes we suggest an average monthly child rearing expense of $500 per child and an annual tuition of $20,000 to $25,000 per year in today's dollars
Child: Monthly Child Rearing Expenses Number of years until child reached age 18: College Expenses:
1 $ years
2 $ years
3 $ years
4 $ years
5 $ years

Additional Recommended Life Insurance: $

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