Life Insurance Calculator
Whether you’ve already decided you need a life insurance policy to protect your family or you’re just curious about how much it might cost, you’ll need to determine how much coverage you really need. While the needs of every family are unique, the amount of coverage can be simplified by understanding how much will be needed at death to meet immediate obligations and how much future income is needed to sustain the household. Thankfully, Clements’ life insurance calculator makes it easy to figure out.
Income*
Income Multiplier*
Do you have a non-working spouse?*
When thinking about sufficient coverage that best suits your family's needs, consider a non-working spouse as well as any adult who depends on your for financial support, like a domestic partner or parent.
Burial Expense*
This amount takes into account immediate obligation of burial expenses, which in the U.S. ranges from $4,000 to $15,000 depending on the type of funeral.
Estimated Debts*
Life insurance can cover debts that might otherwise become the financial responsibility of your loved ones. Examples include credit cards, auto loans, business loans, student loans, etc
Mortgage*
Other Life Insurance*
Savings + 401K + Investments*
Dependents (for College)*
Do you have kids to support now or in the future? A big factor is the cost of education, which in the U.S. averages $100,000 for four years.
Recommended Amount:
$0
Summary: This is an estimate only. Click here to start the quote process to determine your actual premium.
If you have any questions, call us at 1-800-872-0067
or email us at info@clements.com.
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