Long Island NY Insurance
About Personal Insurance Business Insurance Financial Services Free Quotes Contact Us Customer Service Return Home Contact Us Sitemap

Life Insurance Calculator

How much life insurance do I need?

Royal Brokerage understands that each person has individual insurance needs. There is no set rule as to how much insurance you need to purchase. You need to decide how much life insurance you want to leave your dependents to carry on in your absence. You have to decide how much support you wish to provide. Many financial planning experts recommend 10 to 20 times your annual earnings. For business life insurance the amount is often even more. For many the answer is simply the amount that makes you feel your family is safe.

Life Insurance Calculator
The annual replacement income your family will need if the insured dies prematurely (before-tax).
The number of years replacement income is needed by the beneficiaries.
Estimated average annual interest rate that can be earned on invested life insurance proceeds.
The estimated average annual inflation rate.
(Historic rate past 10 years: approx. 3 %)
 


 

The amount of life insurance needed based on the above information:
   


How much will life insurance cost?

Get a free quote.

 

 

Share/Bookmark

Calculators


Financial
Services Quotes

 

 


Royal Brokerage   .   MrRates.com   .   1 John St. Suite 200  .   Babylon   .   New York   .   11702   .   Tel: 631-669-6667

 

 


Privacy & Copyright ©
Royal Brokerage, Inc.   All Rights Reserved. | insurance agent websites : BrightFire