Life Insurance Benefits Calculator

Financial Calculator

How Long Will My Life Insurance Benefits Last?

When purchasing a life insurance policy, it’s imperative to decide how much your family or loved ones will need to maintain their lifestyle after you’re gone. Our life insurance payout calculator can help you project how many years a selected death benefit will payout based on expenses, income taxes, inflation, and return on investments.

LIFE INSURANCE PROCEEDS CALCULATOR

How long will my life insurance proceeds last?

It may be surprising how quickly your life insurance beneﬁts could be depleted by your survivor’s income needs.

LIFE INSURANCE PROCEEDS CALCULATOR

Step of 2

Insurance
Returns

Looking at insurance and income needs.

What is the current life insurance in force? Please enter only numbers.

What is the survivor’s monthly income needs? Please enter only numbers.

Let’s assume returns.

What is the hypothetical before-tax return on your insurance proceeds?

-12 12

What is your current marginal tax bracket?

0 75

What is the estimated inﬂation?

0 10

The results are hypothetical based on your input. Your actual results will vary. Any rates of return used are for illustrative purposes only and does not represent performance of any actual ﬁnancial vehicle/strategies.

Plan for the future now.

It’s one thing to buy life insurance, it’s another to think about how your loved ones will live in the event of your death. Discuss potential concerns such as childcare, how to invest the life insurance survivor benefits, and other potential lifestyle changes.

Diversify your assets.

Consider other assets that can protect your family’s financial future, like annuities. Annuities can offer a lifetime of predictable, steady income for your loved ones.