Kansas City Finance

Jan 31 2018

Life Insurance Calculator

#www #lifeinsurance #com


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Life Insurance Calculator

How much life insurance do you need? Enter your current assets, expense and income. You can also adjust the inflation rate and your expected rate of return to see how these variables can impact your insurance needs. Press the View Report button to see a year by year breakdown of your family’s future income and expenses.

Javascript is required for this calculator. If you are using Internet Explorer, you may need to select to ‘Allow Blocked Content’ to view this calculator.

For more information about these these financial calculators please visit: Dinkytown.net Financial Calculators from KJE Computer Solutions, Inc.

Life Insurance Calculator Definitions

Current life insurance coverage Total amount of life insurance coverage you currently have for yourself.

Years insurance must last Number of years your spouse will need to use your insurance proceeds to provide for living expenses and income.

Inflation rate This is what you expect for the average long-term inflation rate. A common measure of inflation in the U.S. is the Consumer Price Index (CPI). From 1925 through 2015 the CPI has a long-term average of 2.9% annually. Over the last 40 years highest CPI recorded was 13.5% in 1980. For 2015, the last full year available, the CPI was 0.0% annually as reported by the Minneapolis Federal Reserve. Your total expenses are increased by this rate for each year you require income. The income you would receive from your life insurance policy is used to cover any shortfalls between your expected income from all sources and your expenses.

Return on investments The annual rate of return for your investments. The actual rate of return is largely dependent on the types of investments you select. The Standard & Poor’s 500 (S ?>

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