Here’s How to Calculate Your Life Insurance Needs [free life insurance calculators]
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Here’s How to Calculate Your Life Insurance Needs [free life insurance calculators]

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Most people realize their need for life insurance.

 

Far fewer understand how to calculate the amount needed.

 

See “How much life insurance do I need?” 

 

While many people choose to rely on an arbitrary amount – perhaps what is offered through an employer – or use a formula like 10 times salary, these aren’t the best options.

 

Thankfully, they’re also not your only options.

 

Using a life insurance calculator like this one at Life Happens or this one at CalcXML is a much better starting point.

 

Calculators like these will help you answer questions about how much life insurance you actually need and what you need it for. Questions like:

 

•  How much will you need for final expenses?

 

•  How much do you need for outstanding debts, including your mortgage?

 

•  How many children require college funding?

 

•  What’s your current income and how much income will you need in the future?

 

Of course, even online calculators can’t give you the clearest picture of your life insurance needs.

 

For that, please contact us and we’ll be happy to explore your options with you.

 

 

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