How much life insurance do you need? | Financial Tools at Approvals.com

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Life Insurance Calculator

Obviously not the most pleasant of subjects but highly important all the same! Life insurance is crucial in order to protect your survivors, if you were to pass on and your income were to suddenly stop. This tool will help you work out how much life insurance you will need if the worst were to happen.


Your current age

Spouse's current age (if applicable)

Current annual income

Spouse's annual income (if applicable)

Spouse's desired retirement age (if applicable)

Investment return: (%)

Anticipated inflation rate: (%)

Funeral expenses

Final expenses

Mortgage balance

Other debts

Desired annual income needs

Number of years income is needed

College needs

Investment assets

Existing life insurance

Include social security benefits?

Age of oldest child under 18

Age of second child under 18

Age of third child under 18

Age of fourth child under 18

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Approvals.com - Saving America money with great deals and fast approvals for cards, loans, mortgages & insurance!

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