Life Insurance Planner (Income Replacement Based)
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Keep '-' and '+' buttons at the slider ends pressed for smaller adjustments to go faster. |
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| Your annual average after tax income | |
| Your own annual expenses | |
| Average increase in your salary | |
| Expected no. of years you intend to work | |
| Your expected average return on long term investments | |
You need to purchase life insurance of about:
Note that the amount calculated above only gives you the insurance against the lost income stream. However, it may not be enough to cover all your obligations. This amount may be more than your needs or less than your needs as it is purely based on your current income being sufficient today to maintain your lifestyle, pay for your financial obligations and for retirement savings.