Life Insurance Calculator

How much life insurance do I need?

[bctt tweet=”Use this Life Insurance Calculator to determine how much life insurance you need.” username=”theversawriter”]

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.

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Eric Huffman

Eric is a Freelance Personal Finance Writer licensed in Property, Casualty, and Life Insurance.

With over a decade of experience writing on insurance and personal finance topics, as well as need-based consulting, he brings real-world knowledge to these important topics.

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