Life Insurance Calculator : Life Insurance For Over 50s : Term Life Insurance Online Quotes : Fast-Life-Insurance.com : Utah Whole Life Insurance Quotes

This Life Insurance Calculator will provide you with an estimate of the amount of life insurance needed to replace a deceased wage earner's income. If you need a more precise calculation, please see our Advanced Life Insurance Calculator.

Enter the annual replacement income that will be needed if the insured dies prematurely (before-tax).

Enter the number of years the replacement income will be needed by dependents / beneficiaries.

Please estimate the average annual interest rate you can earn on the invested life insurance proceeds. (%)

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 needed to replace a deceased's lost annual income:

You may also use the table below as a guideline for your life insurance needs.

Age	Income Multiple	Sample Income	Sample Need for Insurance
18 - 30	15 X income	$50,000	$750,000
31 - 40	12 X income	$50,000	$600,000
41 - 50	10 X income	$50,000	$500,000
51 - 65	8 X income	$50,000	$400,000
65+	5 X income	$50,000	$250,000

The information in this web site is provided as a courtesy and for educational purposes only. Please consult your legal and tax advisor for specific information pertaining to your situation.

Ronald Kramer is licensed to sell insurance in every state of The United States including Washington DC.

Ronald Kramer
California Insurance License Number 0D61199
Massachusetts - 1802949
Minnesota - IN 20498515
Florida - E093946
New York - LA-533544
New Jersey - 1015211
Texas - 1298163
Ohio - 665645
Pennsylvania - 417077