Life Insurance Needs Calculator

The goal of OneAmerica companies is to create the answers to your financial security questions. Customers often ask us, "How much life insurance do I need?" By completing the following questions, you can get a quick analysis of your own life insurance needs and view the approximate amount you'll have to accumulate to meet your financial needs..

Enter the requested values in each field and press the "Calculate" button.

1.	How much would it cost to pay off your mortgage? Or, what amount would you need for 10 years of rent?	$	(e.g: 2000000)
2.	How many children do you have?
3.	In the event of an unexpected death, how much would you expect to need annually to cover child care for each child?	$	(e.g: 20000)
4.	Based on that amount, how many years of child care (total) would you need?
5.	Enter the total number of years required to support each child through college or a comparable vocational training program. Example: one child at a four-year university plus two children at two-year junior colleges. (1 x 4) + (2 x 2) = 8 years:		years
6.	How much do you owe?	$	School & Auto Loans (e.g.: 20000)
		$	Credit Cards
		$	Installment Loans
		$	Other
7.	Have you ever planned for car trouble, the furnace going out or a trip to the emergency room? Unexpected obligations are part of our lives. You should plan to have two times your annual salary to meet these expenses. What is your annual salary?	$	(e.g: 20000)
8.	A death creates additional financial needs — burial expenses, federal estate taxes, state death taxes, probate court costs and attorney/executor fees. If you assume 50 percent of your annual salary, you would you need:	$	(half your annual salary, e.g.: 20000)