The Whitesell Insurance Agency

Life Insurance Needs Calculator

Purchasing life insurance is an important step towards protecting your family and is something that should be considered carefully.  This calculator is offered to help you think about your needs.  It will provide you some talking points when you speak with a professional agent.  This calculator is for illustrative and educational purposes only.  Please speak with a professional agent for a complete analysis of your insurance needs.

The first step is to determine the family expenses when you are gone.  Then determine the resources available to the family.  Inflation, future life events such as purchasing a home, children, college and other future requirements can change these calculations.  Therefore it is important to review this information on an annual basis with your insurance agent.

The amounts already entered are for illustrative and educational purposes only.  Enter the information that is appropriate for your family.  Be sure to review what you learn here with a licensed insurance agent.

Insurance Needs Calculator - for Illustration Purposes Only

Expenses

Final Expenses

Funeral Expenses:
Probate Fees:
Remaining Medical Expenses:
Other:
Total Final Expenses:

Current Debts

Mortgage Balance:
Credit Card Balance:
Auto Loans:
Home Equity:
Other:
Total Debts:

Future Expenses

Future Income:
College:
Retirement for Spouse:
Other:
Total Future Expenses:

Assets

Investments:
Existing Retirement:
Real Estate:
Savings:
Other:
Total Assets:

Life Insurance Needs

Final Expenses + Current Debts + Future Expenses - Assets

If you would like us to review your insurance needs, the button below will open a page to enter contact information.  We will call you within two business days.

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