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Insurance calculator
f or life needs will help to calculate how much life
insurance coverage you need and should buy.
Fill in the
requested information and please notice that the figure
changes automatically as you tab through the form
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At
Term Life America Insurance
We Make It
Easy For You To Determine Your Needs.
also
see:
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Decision
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Calculator Disclaimer
How much Life Insurance do you need?
Calculate how much life insurance
coverage your family may need to cover future expenses
in the event of your untimely death.
Consider the following to determine the amount of policy
coverage needed:
1. Calculate one-time expenses.
Funeral and probate costs, child education funds or trust
accounts, and debts.
2.
Calculate your
family's future income needs .
- When is income needed?
- How long is it needed for?-
- How will it grow?
3.
Calculate future
expenses.
What will expenses be?
How will they grow?
How long will they last?
4.
Calculate major life
events for your family members.
What is your spouse's life expectancy?
When will your children enter the workforce?
5.
Calculate other
factors.
Consider
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Insurance calculator
for life needs should be also used to consider:
Average Cost Of A Private College
|
2002: |
$24,851 |
2010: |
$36,717 | |
2003: |
$26,094 |
2011: |
$38,553 | |
2004: |
$27,399 (2 years) |
2012: |
$40,480 (10 years) | |
2005: |
$28,769 |
2013: |
$42,504 | |
2006: |
$30,207 |
2014: |
$44,630 | |
2007: |
$31,717 (5 years) |
2015: |
$46,861 | |
2008: |
$33,303 |
2016: |
$49,204 | |
2009: |
$34,968 |
2017: |
$51,664 (15 years |
AVERAGE YEARLY INCOME OF ALL WORKERS AGE 25 AND UP
|
Over a lifetime, a college graduate will earn $1 million more than
someone with only a high school diploma. | |
No high school diploma or GED: $22,200 | |
High school diploma/GED: $30,084 | |
Some college, no degree: $35,160 | |
Associate degree: $37,482 | |
Bachelor's degree: $53,356 | |
Master's degree: $62,820 | |
Doctoral degree: $88,589 | |
Professional degree: $115,649 | |
Source: U.S. Census Bureau, 2004 |
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