Voluntary Life Insurance Needs Estimator

It can be difficult to determine the amount of life insurance you need to protect your loved ones. Each family has its own unique set of circumstances, combined with the unexpected financial demands associated with the loss of life. Use the worksheet below to guide you in calculating the amount of group life insurance coverage you may need.

Needs

Immediate

You

Spouse

Medical/Hospital
Funeral/burial expenses
Loans/debts
(requiring payment upon death)

Taxes

Federal/state income
Property
Federal/state estate

Long Term

Mortgage
Debts (credit cards, car, etc.)
Educational fund
Childcare expenses
Emergency fund(unforeseen expenses)

Income Replacement

Amount needed

NOTE: Consider the income and number of years needed to support your family.

Available Resources

You

Spouse

Existing life insurance
Other assets (401(k), stocks, etc.)
     
 

Calculated Results

Life Insurance Needs Analysis

You

Spouse

Total needs
Total resources available

You've calculated how much coverage your family might need. To see how much it will cost to purchase that amount of coverage (up to the maximum) through The California State University Life insurance program, use the Premium Calculator.