Home Spouse Life Insurance Need Calculator

Home Spouse Life insurance Income Replacement Needs Analysis Calculator

This Calculator will provide you with an estimate of the amount of life insurance needed to replace a deceased work-at-home spouse's contributions. The calculations assume life insurance proceeds are invested at a rate you specify and that your purchasing power is retained based on your assumed rate of inflation.

Step 1: Enter the annual replacement income that would be needed to provide child care,and all other household, educational, and domestic responsibilities (before-tax).
Step 2 : Enter the number of years that the replacement income will be needed by the survivors, dependants, etc.
Step 3: Please estimate the average annual interest rate you can earn on the invested life insurance proceeds. (%)
Step 4: Enter your estimate of the average annual inflation rate. (The average rate for the last 10 years has been approximately 3 %)

Click on "Compute" to calculate the amount of life insurance, adjusted for inflation, that would be needed to replace a deceased spouse's contributions:

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