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Life Insurance Needs Calculator
Life Insurance Needs Formula: Life Insurance Needs = Present value of desired income over the desired number of years

Life Insurance Needs Definition
The Life Insurance Needs Calculator makes it easy to calculate how much life insurance you need. Make sure that you have some hard and fast numbers behind your decision to buy life insurance rather than just guessing at how much life insurance to buy.
If you have ever wondered how much life insurance you really need then this free online Life Insurance Needs Calculator is for you. Enter in the amount of annual income that you want to leave to your beneficiaries if you were to die, the number of years you would want to provide them the income for, and then the assumed rate of return on the money (i.e. the rate of return/interest rate that the life insurance proceeds could be sitting in the bank or sitting in an investment account earning for your beneficiaries). Start finding out how much life insurance you need now!

How to Calculate Life Insurance Needs
Let's be honest - sometimes the best life insurance needs calculator is the one that is easy to use and doesn't require us to even know what the life insurance needs formula is in the first place! But if you want to know the exact formula for calculating life insurance needs then please check out the "Formula" box above.