At Mortgage Protection Center, we want to make sure that your family has the correct amount of life insurance or mortgage protection coverage. We created this life insurance calculator so that you can get a quick estimate of how much life insurance coverage your family needs. Just fill in the spaces below and you’ll see your estimated amount of coverage needs appear at the bottom.
If you would like to get a free quote, fill out the form to the right or give us a call today. One of our licensed insurance agents will call you to help you get the affordable coverage that you need.
| Income Needs | |
|---|---|
| Amount of annual income your family would need if you passed away: | $ |
| Amount of annual income from other sources: | $ |
| Your current annual income (to be replaced): | |
| Number of years your family would need income: | |
| Expenses | |
| Amount needed for emergencies and funeral expenses: | $ |
| Amount owed on mortgage and other debt: | $ |
| Total amount of capital required: | |
| Assets | |
| Total amount in savings and investments: | $ |
| Amount of retirement savings: | $ |
| Current amount of life insurance: | $ |
| Total amount of your assets: | |
| Estimated amount of life insurance needed: | |
*Total includes cost of living (inflation) at 3% per year.
The information provided may help you analyze your financial needs. It is based on information and assumptions provided by you regarding your goals, expectations and financial situation. The calculations do not infer that the company assumes any fiduciary duties. The calculations provided should not be construed as financial, legal or tax advice. This information is supplied from sources we believe to be reliable but we cannot guarantee its accuracy. Hypothetical illustrations may provide historical or current performance information. Past performance does not guarantee nor indicate future results.
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