Life Insurance Checkup


We’ll make a personalized recommendation for you in just 3 minutes! No wait-time. No obligation.

 

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Tell us a little bit about yourself.

What is your age? 0 years old

At what age do you plan to retire? 0 years old



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Do you have people financially dependent on you?

Do you have a partner?

Are they financially dependent on you in any way?

Do you have any dependent children?

Do you have others who are financially dependent on you (for example, aging parents)?


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Life insurance primarily covers the lost income you bring to the household if you were to pass away.

What is your approximate annual income (or value ⓘ) before taxes? $0


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Determine your income replacement coverage.

Based on retirement at 65, if you passed away there would be a loss of approximately $1,974,000 after taxes.

It’s usually not practical to insure all years of potential lost income though. What do others choose? ⓘ

How many years of income would you want replaced? 7 years (representing $318,000 after taxes)


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If available, add any savings that would be used to support lost income and not saved for purposes like retirement.




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Add any assets that would be sold if you passed away.



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Factor in life insurance you already have, if applicable.

What about life insurance through work? ⓘ


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On top of income replacement, add in the optional obligations you would want your life insurance to cover.






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Lastly you can add any legacy needs and wants.




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Your personal life insurance recommendation is: $318,000


However, because you have no one financially dependent on you currently, we recommend no life insurance.


The calculations are based on the following info you provided.

Income Replacement $318,000
Debts / Obligations $0
Legacy Needs / Wants $0
Available Assets $0
Existing Coverage $0
Insurance Need $318,000



 

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