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Life Insurance Needs Calculator

Calculating your economic value to your family is an important part of buying life insurance. The life insurance needs calculator is an easy-to-use tool that can help you estimate how much life insurance you require based upon your own assumptions and personal data.


This life insurance calculator should be used only as a guide and should not be considered a recommendation.


Click here for more information about life insurance needs calculator.




If you died tomorrow, how much money would your family need to cover the following expenses?

IMMEDIATE CASH NEEDS:
Funeral
Estate Administration Expenses/Fees
Emergency Fund
(for an unexpected crisis, such as a major illness)
  
Pay Off Mortgage
Pay Off Loans And Debt
(auto loans, credit card, personal loans, etc.)
INCOME REPLACEMENT:
Annual Income Replacement Needed:
(after tax; today's dollars)
Number of Years of Income Is Needed
Annual Growth Rate of Insurance Fund
(after tax annual rate of return applied to the insurance fund that provides the replacement income)
Expected Inflation Rate
(long term historical inflation rate is about 4%)
CHILDREN'S EDUCATION FUNDS:
Number of Children Requiring College Education Funding
FUNDS AVAILABLE AT DEATH:
Savings, CD's,  Bonds,  Mutual Funds, Stocks, Etc.
(non-retirement funds)
Retirement Funds
(if you want to leave these for your spouse at retirement, enter 0)
Current Life Insurance On Your Life
(not to be replaced)
Other Liquid Assets
 

National City may not condition an extension of credit on either i) Your purchase of an insurance product through National City or any of its affiliates; or ii) Your agreement not to obtain, or a prohibition on your obtaining, an insurance product from an entity not affiliated with National City. Insurance products are underwritten by a third-party insurance company and are:



Not A
Deposit
Not FDIC
Insured
Not Insured By Any Federal
Government Agency
Not Guaranteed By
National City




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