Term Life Calculator

The following calculator will help you estimate your family's financial needs for life insurance, following their loss.

Financial Need

 Amount

       
 

Remaining Balance on Current Mortgage  

$

       
 

 Funeral Expenses  

$

       
 

Children's Future Education  

$

       
 

Debt (Autos, Credit Cards, Loans, etc)  

$

       
 

Family Emergency Fund  

$

       
 

Your Current Income*  

$

       

 Total Life Insurance Need**

$

* Your Current Income - Will be multiplied 7 times then added to the "Total Life Insurance Need".  This is to adjust for the fact that your family will need to replace your income for the rest of their life.  7 years is a typical time frame to adjust to the absence of your lost income.

** The "Total Life Insurance Need" is for estimation purposes only.  Only you can determine the exact needs of your family following their loss.

   

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The Instant Term and Select Term life insurance policies are issued by The American Life Insurance Company of New York, a fully licensed, 50-state insurer, with its home office in New York, NY. American Life has a rating of Very Good (B++) from A.M. Best (on a scale of A++ to F) for financial strength and operating stability. The products are obligations of American Life, are not insured by the FDIC and are not guaranteed deposits. Life insurance policies contain exclusions and limitations; benefits may vary due to misstatement of age or sex. The products may not be available in all states. The policies are issued as ALNY-SEL-03 and ALNY-INST-03, respectively, or a variation of such. Shannon F. Kennedy, Licensed Agent. CA License # 0D43589

The term life insurance is issued by Guarantee Trust Life Insurance Company, home office in Glenview, IL. The product is an obligation of Guarantee Trust Life and is not insured by the FDIC and is not a guaranteed deposit. Life insurance policies contain exclusions and limitations; benefits may vary due to misstatement of age or sex. Product may not be available in all states. Forms: Policy Series 99RTNP; Group Master Policy LMP-2000.

Shannon Kennedy, Licensed Agent. CA License # 0D43589