USBA: Life Insurance Needs Estimator - Military Life Insurance for Active Duty, Transitioning Military, Former Military, Veterans and Federal employees

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Affordable Life Insurance for Active
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Reserve and National Guard

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Home > Insurance Help & Plans > Life Insurance Needs Estimator

Insurance Help & Plans
	Life Insurance Needs Estimator
As a start, please use our handy estimator to begin to understand how much life insurance you should have. The more you know about your current financial situation, the more accurate your results will be. If you don’t know the answer to a question, feel free to use the calculator’s default answer, which is a best-guess estimate based on the average person’s finances.

STEP ONE: Family’s Future Expenses
Determine the annual income your family would need if you were to die today. Consider any lifestyle changes that might happen after your death, and include current expenses, such as mortgage, rent, groceries, clothing, utility bills, entertainment, travel, transportation, and child care.

	Amount (Monthly)	Years until Start	Duration (Years)
Child Care Expenses	$
Living Expenses (children at home)	$
Living Expenses (children gone)	$
Children’s College Expenses	$
Retraining or Education for Spouse	$
Other Expenses	$

STEP TWO: Available Income and Assets to Cover Expenses
List income such as employment income, dividends, interest income, and current or estimated social security benefits that would start when the insured dies.

	Amount (Monthly)	Years Until Start	Duration (Years)
Spouse’s Income From Work	$
Social Security Survivor Benefits help	$
Social Security Survivor Benefits (children gone)	$
Other Income	$
Dividends, Interest Income	$

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