| How much Life Insurance do you need? |
| Please use numbers only - no
commas - when completing fields. |
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|
Step 1. Evaluate Your Income and Assets |
| What is your current income? |
|
| How many years will your spouse need your
annual income? |
|
| Current investment income (Rental
Properties, Dividends, Annuities, etc.) |
|
Existing liquid assets - All assets that can be turned
into cash within 3 months
(We recommend you not liquidate retirement accounts due to tax penalties) |
|
| The amount of your existing life insurance
coverage: |
|
| Step 2.
Evaluate Your Debts and Expenses |
| Outstanding mortgage balance: |
|
| Outstanding loans: (credit cards, auto
loans, home equity loans) |
|
| Final expenses:(Medical, Funeral, Taxes) |
|
| Step 3.
Evaluate Your Child Support and College Expenses |
|
*We suggest an average annual
tuition cost of $15000 - $20000 per year |
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| Now that you have determined
your life insurance needs click here for an Instant
Quote. |
|
| The results generated by this calculator are
hypothetical and will vary based on user input. Spectrum Direct does not
guarantee the accuracy of the calculations, results, nor their applicability to
your individual circimstances. We recommend you use this calculator as a
guideline only. A Spectrum Direct agent can assist you with your results, and
answer any questions you may have. |
