Calculate Your Life Insurance Needs

When purchasing life insurance, the question really isn’t how much you need, but how much capital your family will need at the time of your death, which depends on two variables:

1)    How much will be needed at death to meet immediate obligations?

This amount takes into account all final expenses: uncovered medical bills, funeral and estate-settling costs, outstanding debts, mortgage balance and college costs to name a few.

2)    How much future income is needed to sustain the household?

This is the number you’ll arrive at after calculating the “present value” of cash-flow streams your family will need after your death.

Check out this handy calculator to figure out how much you would need.

Curious what that would cost? Get a quote from one of our reps, no pressure.

Nicci Troiani

Nicci is the Social Media Manager at IGO, she started working with IGO in 2011 and manages all of our social media platforms and blog. Nicci now lives in Las Vegas and works for IGO remotely. She lives there with her husband and her cat, Princess.