For Members

Join

Who We Are

Our Mission Our Faith Our History Supreme Officers About Membership

What We Do

Charity Insurance Invest Programs Scholarships Churchloan

Get Involved

Join Donate Find a Council Store College Councils

News Hub

Knightline Faith Response Latest News Leave No Neighbor Behind Social Media Hub

Who We Are

Our Mission Our Faith Our History Supreme Officers About Membership

What We Do

Charity Insurance Invest Programs Scholarships Churchloan

Get Involved

Join Donate Find a Council Store College Councils

News Hub

Knightline Faith Response Latest News Leave No Neighbor Behind Social Media Hub

Life Insurance Calculator

Life insurance is probably something you don’t often think about, but no financial plan is complete without it. And if you haven’t yet put a plan in place, life insurance is a great place to start.

Please complete the information below and enter only whole numbers.

Your Resources

Liquid Assets: ($)

Liquid Assets: Cash and items that could be easily converted to cash, such as stocks, bonds, vacation property, personal property, etc. Do not include personal residence.

Assets amount is required.

Assets amount should be a whole number.

Life Insurance Coverage: ($)

Life Insurance Coverage: Both individually owned (personal) life insurance and that provided by your employer (group).

Coverage amount is required.

Coverage amount should be a whole number.

Your Debt and Expenses

Mortgage: ($)

Mortgage: Outstanding balance on loans for your primary residence, including any second mortgages or home equity loans/lines.

Mortgage amount is required.

Mortgage amount should be a whole number.

Other Debt: ($)

Other Debt: Credit card balances, automobile loans, student loans, personal loans, etc.

Debt amount is required.

Debt amount should be a whole number.

Final Expenses: ($)

Final Expenses: Funeral expenses, plus unpaid bills (i.e., medical care, taxes). $10,000 is generally the minimum amount of final expenses.

Final expenses amount is required.

Final expenses amount should be a whole number.

Do you have dependents?

Yes
No

Child/Dependent Care Expenses
Monthly Amount: ($)

Child/Dependent Care Expenses Monthly Amount: Total monthly dependent/child care expenses, including day care, clothing, food, etc.

Dependent care amount is required.

Dependent care amount should be a whole number.

Child/Dependent Care Expenses
Duration: (in years)

Child/Dependent Care Expenses Duration: The length of time (in years) that funds for this care will be needed.

Dependent care duration is required.

Dependent care duration should be a whole number.

Education: ($)

Education: Total estimated education costs for all children/dependents.

Education amount is required.

Education amount should be a whole number.

Your Needs

Income Replacement
Monthly Amount: ($)

Income Replacement Monthly Amount: The amount of monthly income your beneficiary(ies) would need, in your absence, to maintain current or desired standard of living.

Income replacement amount is required.

Income replacement amount should be a whole number.

Income Replacement
Duration: (in years)

Income Replacement Duration: Length of time (in years) that your beneficiary(ies) would need this monthly income.

Income replacement duration is required.

Income replacement duration should be a whole number.

Estimated Rate of Return: (%)

Estimated Rate of Return: The rate of interest your beneficiary(ies) could reasonably expect to receive on any invested assets. 3% is a conservative rate of return, assuming a 0% rate of inflation.

Rate of return is required.

Rate of return should be a whole number.

Calculate

Reset

Analysis

It appears that you may have a shortfall of {{ shortfall | currency : "$" }} in your life insurance coverage. Please remember that this calculation is an estimate based on the information you provided, and should be reviewed with a qualified life insurance professional.

Congratulations! It appears that you may have adequate life insurance coverage in place. This is a tribute to your planning and foresight. However, remember that this calculation is an estimate based on the information you provided, and should be reviewed with a qualified life insurance professional, as your needs can change.

Find an Agent

Your local Knights of Columbus agent will be happy to complete a free, comprehensive needs analysis for you and your family, which may uncover a greater or lesser need than this calculator.

Find an Agent

Join the Knights Today

Knights of Columbus 1 Columbus Plaza New Haven, CT 06510 203-752-4000

Connect With #KOFC

Who We Are

Our Mission Our Faith Our History Supreme Officers About Membership

What We Do

Charity Insurance Invest Programs Scholarships Churchloan

Get Involved

Join Donate Find a Council Store College Councils

This website uses cookies, including third-party cookies, to optimize the functionality of the website and for website analysis and statistics. To find out more about cookies and how to change your cookie settings, please go to our Cookie Policy. Click Allow if you agree to the use of cookies.

Donate

For Members

Who We Are

What We Do

Get Involved

News Hub

Contact Us

Safe Environment Program

Careers

Who We Are

What We Do

Get Involved

News Hub

Life Insurance Calculator

Your Resources

Your Debt and Expenses

Your Needs

Analysis

Connect With #KOFC

Who We Are

What We Do

Get Involved

Member Resources