Life Insurance Calculator

You've decided that you need life insurance, and that's a great start! But how much life insurance is enough?

Use this simple calculator to get an idea of how much insurance your spouse will need to protect your family until life expectancy. When you're done you can even easily submit your info directly to your advisor to start building a plan specific to your family.

This calculator will be enhanced with an option for single parent families soon.

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Alberta

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This calculator is for general information purposes only. There are assumptions used to simplify the calculation for ease of use. In particular, we assume a 30% average income tax, all cash available for survivors is assumed to be after tax, and an education fund is included using the average Canadian 4-year university cost. If the age of the insurance policy beneficiary (spouse) is less than 65, the retirement age is assumed to be 65. Otherwise, the retirement age for the beneficiary is assumed to be their age plus 1. Protection for children is until the youngest reaches age 25. For a more customized and detailed analysis of your financial needs, please speak with your financial advisor.
Joseph Muto

Joseph Muto

Advisor

Alliston Financial

(705) 435-0001

Welcome to The Link Between where you will find information and tools to help you begin thinking about your financial future, based on your unique situation. I’m here to help when you’re ready to discuss and build a plan that works for you, and that evolves with you throughout your life, so please contact me at any time.

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