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Group Term Life Calculator
| Employee | Spouse | Child | |
| Annual Salary: | |||
| Insurance Age: | |||
| Life coverage: |
$0.00 |
$0.00 |
$0.00 |
| Total Monthly Premium: | |||
Needs Worksheet
| Maintaining your family's standard of living | |
| Take a minute to consider how much life insurance you may need. What would it take to maintain your family's standard of living and cover future plans? | |
| Outstanding debt | |
| How much is needed to pay off your existing debt? | |
| Mortgage | $ |
| Car payments | $ |
| Credit card debt | $ |
| Other debt | $ |
| Ongoing expenses | |
| How much is needed for food, rent, clothing, utilities, daycare and other family expenses? | $ |
| (A helpful rule of thumb is to multiply your current salary up to five years to cover these expenses for your family depending on the age of your children.) | |
| Future plans | |
| How much will be needed for college education, weddings, home renovations/ repairs or other plans? | $ |
| TOTAL | $ |
| Subtract any existing coverage you may have | -$ |
| Consider this amount of life insurance | $ |
