Life Insurance Calculator

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"America's choice for buying life & health insurance online!"

Testimonials

"I really appreciate that I was able to receive instant life insurance quotes from top-rated insurance carriers without having to first enter my name, email & personal medical info.

Term Life Online.Biz is user friendly & very informative. When I elected to request an application online I was so pleased with your professional service!"

Cathy Collinsworth, NJ

"Thank you for providing me with great service and a knowledgeable licensed insurance representative who walked me through the whole process!"

Sue Pasker, FL

"I have referred your insurance services to all of my family and friends!"

Andrew Wallace, TN

How Much Life Insurance Do You Need?

Many consumer consultants use a Rule of Thumb of 8 to 10 times your annual income for the amount of insurance an individual should have to protect their loved ones. If you have lots of debt, business obligations, or several children, that recommended amount can go as high as 12 to 15 times your annual income. Or, for a more precise determination, use the Needs Calculator provided below.

National Society of Agents for Consumer Education Life Insurance Coverage Calculator

Step 1. Evaluate Your Income and Assets

What is your current income?

How many years will your spouse need your annual income?

Current investment income (Rental Properties, Dividends, Annuities, etc.)

Existing liquid assets - All assets that can be turned into cash within 3 months
(We recommend you not liquidate retirement accounts due to tax penalties)

The amount of your existing life insurance coverage:

Step 2. Evaluate Your Debts and Expenses

Outstanding mortgage balance:

Outstanding loans:

Final expenses: (Medical, Funeral, Taxes)

Step 3. Evaluate Your Child Support College Expenses

*We suggest an average annual tuition cost of $15,000 - $20,000 per year

Child:	Monthly child cost:	Years child will require support:	College expenses:
1	$	years
2	$	years
3	$	years
4	$	years
5	$	years

Additional Recommended Life Insurance:

Term Life Online.Biz � Refers licensed life insurance agents in all states except Hawaii and Alaska. The following agent license numbers are provided for Term Life Online.Biz as required by state law: TX agent # ******,MD agent # ******,LA agent # ******, UT agent # ******, WY agent # ******, and CA agent # ******.