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life insurance > basics > calculator Using a Life Insurance CalculatorEstimating your coverage needs and figuring out your premium amounts can get a little complicated. We'll show you how to crunch the numbers and use a simple tool to make it easier.
Your life insurance coverageYou don't need to unearth all your bills for the last year to get an accurate estimate of your family's annual financial needs, you just need to know the expenses that matter. We're here to tell you how! Estimating your life insurance coverageTo get a rough approximation multiply your annual salary by eight. For a better estimate, multiply your salary by five and then add your current expenses plus your future financial obligations. Calculating your life insurance coverageWhen you're ready to purchase a policy, you need an accurate life insurance coverage amount. Life insurance calculatorsCalculate your life insurance coverage amount by using a life insurance calculator. For more help . . .Getting the lowest possible premium on your life insurance is almost like an art form. There are many variables to consider, and to get the right balance of term length, benefit amounts, and policy riders and illustrations, you need to take a careful step-by-step approach to the buying process. |
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with respect to your particular situation. YMMV.
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