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Life Insurance - Quick Calculator


This 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.

Step 1:


Enter the annual replacement income that will be needed if the insured dies prematurely (before-tax).
 
     

Step 2 :


Enter the number of years the replacement income will be needed by dependents / beneficiaries.
 
     

Step 3:


Please estimate the average annual interest rate you can earn on the invested proceeds. (%)
 
     

Step 4:


Enter your estimate of the average annual inflation rate.
(The average rate for the last 10 years has been approximately 3 %)
 
     
Click on "Calculate" to see the amount of life insurance, adjusted for inflation, that would be needed to replace a deceased's lost annual income:  


     
Get your free personal life insurance quotation
   

 

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