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.


Immediate You Your Spouse
     Funeral/burial expenses
     (requiring payment upon death)
     Federal/state income
     Federal/state estate
Long Term
     (credit cards, car, etc.)
     Educational/vocational 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 Your Spouse
     Existing life insurance
     Other assets (401(k), stocks, etc.)


Calculated Results

Life Insurance Needs Analysis You Your Spouse
Total needs
Total resources available
Life Insurance needed

Now that you have calculated how much coverage your family might need, see how much it will cost to purchase that amount of coverage (up to the maximum) at MyOEBB.

Before you enroll for coverage please review the Basic Life, Optional Life and Optional AD&D insurance brochures for answers to commonly asked questions, exclusions, limitations and reductions.