Calculator

How much Life Insurance do you need? This calculator is simply an estimator. The best way to get a detailed needs analysis is to speak to Michael J Horbal about your needs.

Please use numbers only, no commas when completing fields.

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 and College Expenses

*We suggest an average annual tuition cost of $15000 - $20000 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: $