Life Insurance Estimator
HELPS TO ENSURES THE CORRECT AMOUNT OF LIFE INSURANCE COVERAGE!
HOW MUCH LIFE INSURANCE DO YOU NEED?
Determining how much life insurance you need is critical to buying the right life insurance coverage. Everyone’s objectives and circumstances are different so there is no rule of thumb that holds true for everyone.
We recommend taking the time to imagine the type of life you want the insurance proceeds to provide for your beneficiaries because doing so will help you understand how much life insurance you should own.
Decision Tree Financial wants to make it easy for you to answer the question “How much life insurance should I have” by allowing you to put your own information into our life insurance needs calculator provided by lifehappens.org to determine your need.
Taking care of your family or business doesn’t have to be unaffordable. We want to help you get the right coverage at the lowest possible cost so that ALL of your financial goals are within reach.
WHY USE A LIFE INSURANCE NEEDS CALCULATOR?
Decision Tree Financial hopes that everyone will enjoy a long and prosperous life. We hope that you can always be there to provide the future you promised to your family and business partners but we know all too well that life can change in an instant.
The life insurance you own provides protection that allows you to keep that promise to those who depend on you. The death benefit protection provides cash to your family or business when needed most so they can continue living without additional financial worry. The amount of death benefit protection you own while you are alive can:
This tool allows you to imagine how you want your beneficiaries’ lives to progress if there is a death claim. The life insurance tool allows you to enter the amount required to:
To determine your life insurance need to accomplish your goals, you will also need to estimate:
The life insurance needs calculator will also take into consideration the amount of insurance you already have and your assets available when determining the amount of life insurance you should buy.
One factor that our life insurance needs calculator doesn’t consider is the amount of social security your spouse who is caring for your children will receive should you pass away This is something a licensed agent from Decision Tree Financial will help you to understand so that you can include this amount when determining the amount of life insurance coverage you should apply for.
To use our life insurance needs calculator, simply enter in the information requested by the life insurance calculator and it will do all the math for you! The last screen shows you the total amount of life insurance face amount you should consider applying for to accomplish your goals.
Experiment with our calculator as much as you would like. Change the numbers and see how it changes the amount of life insurance you should own.
In the end, your policy is for your beneficiaries and the type of life you want them to have. Nobody knows how that will look better than you.