Life Insurance  
Providing for your family in the event or your death is a fundamental of risk management. And life insurance benefits that replace your income may be one of the best ways to meet your family’s ongoing financial needs. This calculator is designed to help you estimate the amount of life insurance you would need to produce a sufficient income stream for your family.
     

What is your current income before taxes?

$

What percentage of this income will your family need?

%

For how many years will your family need this income?

What do you expect the rate of inflation to be over this time period?
Note: In recent years, inflation has been 3 percent.

%

What investment return do you expect your family to earn over this time period (0 percent to 12 percent)?

%

Enter the total of any one-time payments that your family will have. (E.g., funeral costs, future college costs, home mortgage, and any other debts you want the insurance to pay.)

$
 
   
   

*T. Ray Phillips is a Registered Representative of, and offers securities, investment advisory and financial planning services through MML Investors Services, Inc., Member SIPC. 900 E. 96th St., Suite 300, Indianapolis, IN 46240. 317-469-9999.


LICENSING: I am licensed to sell insurance in the following states: FL, IL, IN, NC, OH, OK, TX. I am licensed to sell securities in the following states: CA, IL, IN, NC, OH, OK. I cannot communicate with, nor respond to requests from, users who reside in states where I am not licensed to conduct insurance and/or securities business.



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