Your Life Insurance Need
Current age | Years |
Spouse age | Years |
Spouse life expectancy | Years |
Total child | |
Child 1 age | |
Child 2 age | |
Higher education age | |
Marriage age | |
Monthly expense | |
Inflation | % |
Risk free rate of return | % |
Return on investment for child future | % |
Current cost of higher education | |
Current cost of marriage | |
Total outstanding loan amount as of today | |
Current life insurance cover | |
Current value of investment | |
Calculation based on above assumptions |
|
Current monthly expense | |
Inflation | % |
Years till life expectancy of spouse | |
Corpus required for house hold expenses | |
Current cost of education - child 1 | |
FV of costof education - child 1 | |
Current cost of marriage - child 1 | |
FV of costof marriage - child 1 | |
Current cost of education - child 2 | |
FV of costof education - child 2 | |
Current cost of marriage - child 2 | |
FV of costof marriage - child 2 | |
PV of investment require for education (Child 1) | |
PV of investment require for marriage (Child 1) | |
PV of investment require for education (Child 2) | |
PV of investment require for marriage (Child 2) | |
PV of all future need | |
Outstanding loan | |
Gross coverage required | |
Existing cover | |
PV for current investment | |
Net coverage required |
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