Term Life Insurance Calculator by Insurance Direct Canada

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Term Life Insurance Calculator

1:	Final Expenses (Funeral, Medical, Legal):
2:	Pay off all mortgage balances:
3:	Pay off all loans or debts:
4:	Education Fund for children:
5:	Other Cash Needs (taxes, emergencies):
6:	Annual family income needed (less spouse's income):
7:	Number of years above income required:
8:	Estimated interest rate earned on invested income:
9:	Estimated annual inflation rate (3% avg. last 10 years) - cannot be the same as interest rate earned:
10:	Subtract value of assets (RSPs, Funds, Cash): (Only include portion of savings spouse would use right away)

	Total Cash Needs:
	Total Income Needs:
	Subtract Value of Assets:
	The amount of life insurance required:

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