Life Insurance Calculator

How much life insurance should you have?
Use this simple calculator¹ to help determine an appropriate amount for you. Then give us a call to see just how affordable term and permanent protection can be!

See Tips for Data Entry below for help in filling out the calculator.

Instructions:
1) Enter only non-formatted whole numbers (no decimal figures) (e.g. enter 43000 rather than $43,000)
2 ) Sub totals are automatically updated so as you tab to the next field just tab right through the sub total fields. If you accidently
change a sub total value, the correct value will repopulate when you leave the field.
3) Click the "Calculate Total" button to finish applying all dollar amounts you entered and to create the final "Life Insurance Needed" total.
4) You can change the figures and recalculate. Correct amount(s) as needed and click "Calculate Total" again.
5) Contact us for a more detailed analysis and for all of your life insurance needs.

Final Expenses

Medical and Hospital Costs

Funeral Expenses²

Estate Administration³

Final Expenses Sub Total

Debt Repayment

Mortgage Balance

Credit Cards

Car Loans

Other Debt

Debt Repayment Sub Total

Child Care / Education

Yearly Child Care Cost⁴

Number Of Years

Child Care Sub Total

Yearly College Cost⁵

Number Of Years

College Sub Total

Child Care / Education Sub Total

Annual Living Expenses

Yearly Survivor Income⁶

Food

Clothing

Utilities

Home/Auto Maintenance

Property Taxes

Routine Medical Expenses

Insurance Premiums

Entertainment

Furniture

Vehicle Replacement

Living Sub Total For One Year

Number of Years Needed

Annual Living Expenses Sub Total

Current Assets

Current life insurance

Checking and Savings

Other Liquid Assets

Current Assets Sub Total

$
_____________________

Life Insurance Needed⁷:

You can start to determine the need for additional life insurance with this form. To be sure you are not caught in a bad position when it is too late to do anything about it, it is important to have a full, detailed needs review that takes all factors into account (e.g. time value of money is not factored in here). Contact us for that review and to see just how affordable term and permanent protection can be!

Tips for Data Entry:

¹ Simple calculation only - time value of money is not factored in. Please contact us for more extensive help in your needs analysis.

² Funeral Expenses average $10,000 total.

³ Estate Administration is often a percent of the estate value (5% is average for many cases)

⁴ Child care costs may include nanny / daycare if death of a non-working parent occurs

⁵ Educational costs do not account for inflation. Contact us for more detailed educational cost estimates as needed

⁶ Survivor income should generally be a percent of current income - 65 - 75% is a common average. How long the income should last is an important component in an effective needs analysis. Please contact us for a more detailed approach to preparing for survivor income.

⁷ The 'life insurance needed" total is based on the dollar amount of input values. Contact us for more information!

Stuber Insurance Agency
115 Mill Street (Route 46) P.O Box 444
Hackettstown, N.J. 07840

service@stuberinsurance.com
908 852-1808 Fax
stuberinsurance.com