Worth Shield Financial Services · Personal planning estimate
Life Insurance Funding Illustration
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Insurance Calculator
Life Insurance Needs Calculator
Estimate a household funding gap from explicit support needs, extra obligations, usable assets and existing payable coverage.
Illustrative defaults, not a recommendation: replace every assumption with your household plan. Budget after death, not just salary. Do not count debt repayment, income support, final costs, reserves, assets or death benefits twice. These figures are not statutory 2026 tax limits, mortality estimates or insurer quotes.
Household Funding Assumptions
Continuing support must be available to this same target, not the survivor’s entire salary if committed elsewhere. Annual support and extra recurring expenses use start-of-year funding, the same inflation and a net return after taxes/fees. No investment return is guaranteed. Zero support years means no recurring support funded.
Extra Obligations Outside the Support Budget
Net Usable Assets
Understanding Life Insurance Funding
A $75,000 annual household support target with $45,000 of continuing support creates a $30,000 annual gap. Ten years at zero inflation and return needs $300,000. Add a separate $300,000 debt payoff and $20,000 final-cost budget, then subtract $25,000 dedicated savings and $100,000 verified death benefit: the additional funding gap is $495,000. Exclude the paid-off debt’s future payments from the support budget.
How This Calculator Works
Recurring annual gaps are discounted as start-of-year funding for the chosen duration. One-time items enter once; only verified liquid resources and payable coverage reduce the primary gap. Assumptions are illustrative, not future asset values or policy availability.
NAIC life insurance consumer guideReview Your Coverage and Assumptions
These are funding illustrations, not premium quotes, underwriting decisions, benefit guarantees or eligibility determinations. Review actual policy terms and current expenses with qualified professionals.
Frequently Asked Questions
It funds the annual HOUSEHOLD support target after subtracting continuing support actually available to that same budget. This is not automatically the insured salary. If a surviving spouse already funds part of the budget, enter that once as continuing support. A caregiving or service-replacement budget can be entered even when the insured has no wages.
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