QuoteNavigator Term Life Insurance Needs Calculator

How much life insurance do you need? Calculating the economic value of a human life to a family is important, but there is no magic number. Our "Calculator" will provide you with an estimate of the amount of life insurance needed to replace a deceased wage earner's income. The calculations assume insurance proceeds are invested at a rate you specify and that your purchasing power is retained based on your assumed rate of inflation.
1st Step: Enter the annual replacement income that will be needed if the insured dies prematurely (before-tax).	10000 15000 20000 25000 30000 35000 40000 45000 50000 55000 60000 65000 70000 75000 80000 85000 90000 95000 100000 110000 120000 130000 140000 150000 160000 170000 180000 190000 200000 225000 250000 275000 300000 325000 350000 375000 400000 425000 450000 475000 500000 750000 1000000
2nd Step: Enter the number of years the replacement income will be needed by dependents / beneficiaries.	5 10 15 20 25 30 35 40
3rd Step: Please estimate the average annual interest rate you can earn on the invested life insurance proceeds. (%)	4 % 5 % 6 % 7 % 8 % 9 % 10 % 12 %
4th Step: Enter your estimate of the average annual inflation rate. (The average rate for the last 10 years has been approx. 3 %)	2 % 3 % 4 % 5 % 6 % 7 % 8 %
Click on "Compute" to calculate the amount of life insurance needed to replace a deceased's lost annual income:
Estimated life insurance needed:  $

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