Life Insurance Interactive Resources

Life insurance can get pretty complicated. Fortunately, there are some great tools on the Web to help simplify the process of determining how much and what kind of life insurance might be right for your particular situation. Here are three online tools worth checking out.

Life Insurance Needs Calculator

When you die, life insurance should cover the difference between what your family needs and the resources available to meet those needs. Seems simple enough, but figuring out the precise amount of coverage you need can get pretty complicated. This Life Insurance Needs Calculator will walk you through the process and provide you with an estimate of your insurance needs in a matter of minutes.
www.lifehappens.org/life-insurance/life-calculator

Human Life Value Calculator

Human life value is the financial loss that your family would incur if you were to die today. Generally, your life insurance needs will be less than your Human Life Value due to the availability of other sources of income. All the same, it’s a useful number to keep in mind as you’re considering your life insurance needs. You may not want to insure your full Human Life Value, but you’ll probably want to insure a big chunk of it. Click here to get an estimate of your Human Life Value.
www.lifehappens.org/life-insurance/human-life-value

Term vs. Permanent Interactive Decision Guide

It's impossible to say which type of life insurance is right for a particular individual without knowing that individual’s unique financial circumstances and goals. Does the person need coverage for a few years or for many years? Is the individual on a tight budget or does he or she have some budget flexibility? By walking you through seven straightforward questions, this interactive decision guide will help you figure out what kind of life insurance might be right for you: term, permanent or a combination of the two.
www.lifehappens.org/life-insurance/term-insurance