Dennis W. Warneke
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Calculate My Life Insurance Needs

Need help to determine the amount of coverage needed to protect your family? This simple-to-use calculator is designed to help you step through the process

LIFE INSURANCE NEEDS ANALYZER

Part I: Family Income Replacement

FAMILY INCOME

INCOME TO BE REPLACED

%

AVAILABLE INVESTIBLE FAMILY ASSETS

Part II: Debt, College, and Other Funding Needed

Debt Repayment

College Funding

In its most recent survey of college pricing, the College Board reports that a moderate college budget for an in-state college for the 2012-2013 academic year averaged $22,261. A moderate budget at a private college averaged $43,289. The college inflation rate runs between 4 to 6 percent for both public and private colleges. If we assume a rate of return of between 4 and 6 percent and average the two tuitions to $32,775, we can then calculate the average 4 year college lump sum cost for each child to be $131,100.

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Other Expenses

Total Insurance Needed

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