Needs Estimator

Calculator

How Much Do You Need?

The amount of life insurance you need and the length of time you'll need it depend on your financial obligations, the size and duration of your mortgage, auto or credit-card debts, number of children, education expense, and the lifestyle you want to maintain for your heirs.

Generally, financial advisors recommend five to ten times your current annual income to replace that income for the number of years that suits your special needs. Visit our "needs estimator" to help determine what's right for you. With a simple, affordable Chase Insurance term life policy, you can be on your way to a more secure financial future for yourself, your family, or your business...at rates that are well below those of most other life insurance policies.

 

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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:$

ShantonALSFoundation

  • Proudly supporting the Shanton ALS Foundation and their fight against Amyotrophic Lateral Sclerosis. ALS is a disease of the nerve cells in the brain and spinal cord that control voluntary muscle movement. ALS is also known as Lou Gehrig's disease.

Our Commitment To You.

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TermRates.com is dedicated to providing you with affordable term life insurance as quickly as possible. We represent a wide range of companies so we are able to find a company that meets your needs. By representing multiple companies, we can provide you with the lowest price possible for life insurance. With our online quoting system, you can run insurance quotes and apply online.