How much life insurance do I need?
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You can customize any of the fields to match your situation. Budget to provide income replacement, pay off debt, or both. Just follow the simple tips for each field.
Rate of return on investments is not used by the life insurance calculator because many investments aren’t liquid and rates of return often vary from expectations. It’s safer to assume little or zero return and think of investments as (future) cash or simply as savings when planning for your life insurance needs.