Horace Mann LIFE

How much life insurance do I need?

Use this calculator to quickly estimate how much Life Insurance you need

This tool allows you to estimate the need for two individuals. To add a second person, please fill in a name in the "Name 2" field.

Then fill in the blanks and press calculate

Name 1

Name 2

{{ errors.first('CustomerName') }} {{ errors.first('CustomerName2') }}

Liabilities:

What would you like to pay off upon your death?

Mortgage balance:

$

$

{{ errors.first('Mortgage') }} {{ errors.first('Mortgage2') }}

Current debt (excluding mortgage):

$

$

{{ errors.first('CurrentDebt') }} {{ errors.first('CurrentDebt2') }}

Income Replacement

What annual income, after you pay off liabilities, would you need to replace?

{{viewData.Client1.CustomerName}} Annual income to replace:

$

for

years

{{ errors.first('Income') }}

{{ errors.first('IncomeYears') }}

{{viewData.Client2.CustomerName}} Annual income to replace:

$

for

years

{{ errors.first('Income2') }}

{{ errors.first('IncomeYears2') }}

Final Expenses

What amount would you like to provide for final expenses?

Funeral, taxes, family travel, etc.

$

$

{{ errors.first('FinalExpenses') }} {{ errors.first('FinalExpenses2') }}

Education and everything else

What amount would you like to provide for your children's education expenses?

Education cost per child (4 years):

$

$

{{ errors.first('Education') }} {{ errors.first('Education2') }}

Number of kids:

{{ errors.first('EducNumKids1') }} {{ errors.first('EducNumKids2') }}

Everything else:

$

$

{{ errors.first('OtherExpenses') }} {{ errors.first('OtherExpenses2') }}

Available Funds

Available Assets:

$

$

{{ errors.first('AvailableAssets') }} {{ errors.first('AvailableAssets2') }}

Existing life insurance:

$

$

{{ errors.first('LifeInsurance3') }} {{ errors.first('LifeInsurance4') }}

{{loadingText}}