Life Insurance Calculators

We developed a library life insurance, disability and annuity calculators to help you plan for the unexpected hurdles that you may endure at some point in your life. These calculators are easy-to-use and provide in-depth analysis for virtually any financial scenario, along with graphs, charts and tables. Simply select the link to access the calculator of your choice. Please give us a call if you need assistance with inputting the data or interpreting the information.

How Much Life Insurance Do I Need? 
Planning to meet the financial needs of your survivors is one of the most important and fundamental steps in creating a sound financial plan for you and your family. This step may require the purchase of a life insurance policy to ensure that your family’s needs will continue to be met, even after your untimely death cuts your earnings potential short.

What Is My Life Expectancy?
With medical advances and improved lifestyles, life expectancies in the United States are on the rise.* Use this basic calculator to help determine how many years you may need to plan for in retirement or how many years you may need to provide income to a surviving spouse or children.* Source: National Association of Insurance Commissioners, 2001

What Are My Needs For Burial And Final Expenses?
Long gone are the days of being buried in a pinewood box. Funeral expenses can vary from several thousand dollars up to $15,000 and more depending on which services you select. Funeral homes and crematoriums provide a list of expenses some of which have been enumerated here. Use this calculator as a guideline to help estimate your burial and final expenses.

How Much Disability Income Do I Need?
Your chances of becoming disabled are far greater than your chances of dying. It may surprise you that in December of 2010, there were over 2.5 million disabled workers in their 20s, 30s, and 40s receiving Social Security insurance benefits due to a disability.** Source: Social Security Administration, Disabled Worker Beneficiary Statistics, ssa.gov

How Much Will I Earn In My Lifetime?
Most people earn a small fortune during their lifetime. Yet many of them are unaware of how their annual income adds up over the years.This calculator, designed to help you estimate how much you’ll earn before you retire, may surprise you with your own earning capacity.

What Are The Tax Advantages Of An Annuity? 
Deposits into an annuity are not tax-deductible, however you don’t have to pay taxes on the interest earned until you begin making withdrawals. This tax-deferral period can have a dramatic affect on the growth of an investment. Use this calculator to compare the tax advantages of saving in an annuity versus an account where the interest is taxed each year such as a CD.

How Long Will My Current Life Insurance Proceeds Last?
You may think that you are adequately insured in the event of your death. It may surprise how quickly the tax-free insurance proceeds may be depleted by your survivor income needs.

What Is The Future Value Of An Annuity?
Unlike a taxable account, a fixed annuity enjoys the benefits of tax deferral. In addition, many annuity companies offer a higher first year bonus rate. To be able to offer these higher rates companies typically require you to keep the funds invested for a period of time or suffer a surrender penalty for early withdrawal. Use this calculator to help determine your annuity value in a given year and compare it to a taxable savings account like a CD.