Life Insurance Needs | The Koptis Organization

Life Insurance Needs Calculator

This calculator will help you assess your life insurance needs.

Estimating For
Annual Gross Income ($)
Other Annual Family Income ($)
Outstanding Mortgage Balance ($)

Make Sure This Amount is Covered in the
Estimate of Insurance Needs For
You Spouse Both
Estimated Monthly Living Expenses ($)

Make Sure This Amount is Covered in the
Estimate of Insurance Needs For
You Spouse Both
Loan and Credit Debts ($)

Make Sure This Amount is Covered in the
Estimate of Insurance Needs For
You Spouse Both
Medical Costs, Probate & Funeral Expenses ($)
Other Debt ($)

Make Sure This Amount is Covered in the
Estimate of Insurance Needs For
You Spouse Both
Annual Inflation Rate %
Estimate of Liquid Assets ($)
Estimate of Retirement Assets ($)
Total Existing Life Insurance Coverage ($)
Lifestyle Maintenance (Years)
Number of Children

Child Care Costs

Child 1

Child’s Age
Additional Monthly Costs if Someone Dies ($)
How Many Years Will You Incur Those Costs?

Child 2

Child’s Age
Additional Monthly Costs if Someone Dies ($)
How Many Years Will You Incur Those Costs?

Child 3

Child’s Age
Additional Monthly Costs if Someone Dies ($)
How Many Years Will You Incur Those Costs?

Child 4

Child’s Age
Additional Monthly Costs if Someone Dies ($)
How Many Years Will You Incur Those Costs?

Make Sure This Amount is Covered in the
Estimate of Insurance Needs For
You Spouse Both
Child 1
- Annual College Costs (in today’s dollars)
- Number of Years in College
Child 2
- Annual College Costs (in today’s dollars)
- Number of Years in College
Child 3
- Annual College Costs (in today’s dollars)
- Number of Years in College
Child 4
- Annual College Costs (in today’s dollars)
- Number of Years in College
Make Sure This Amount is Covered in the
Estimate of Insurance Needs For
You Spouse Both
Estimated Annual Increase in College Tuition %

Here are Your Answers

Mortgage Balance
(Spouse)
Amount to Pay Monthly Bills for 6 Months
(Spouse)
Loans and Credit Cards
(Spouse)
Medical Costs, Probate & Funeral Expenses
Other Debt
(Spouse)
Total Debt
(Spouse)
Additional Monthly Childcare Costs
(Spouse)
College Costs
(Spouse)
Total Child Needs
(Spouse)
Amount of Cash Reserve Requested
(Spouse)
Total Protection Needed Before Considering Current Asstes
(Spouse)
Liquid Assets
(Spouse)
Retirement Assets
(Spouse)
Life Insurance Coverage Currently in Force
(Spouse)
Total Assets
(Spouse)
Recommended Amount of Additional Life Insurance Needed
(Spouse)

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Disclosure

Securities Offered Through M Holdings Securities, Inc. A Registered Broker/Dealer, Member FINRA/SIPC. The Koptis Organization is independently owned and operated. The Koptis Organization is a member of M Financial Group. Please go to mfin.com/DisclosureStatement.htm for further details regarding this relationship.

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For important information related to M Securities, refer to the M Securities' Client Relationship Summary (Form CRS) by navigating to mfin.com/m-securities.

Registered Representatives are registered to conduct securities business and licensed to conduct insurance business in limited states. Response to, or contact with, residents of other states will only be made upon compliance with applicable licensing and registration requirements. The information in this website is for U.S. residents only and does not constitute an offer to sell, or a solicitation of an offer to purchase brokerage services to persons outside of the United States.

This site is for information purposes and should not be construed as legal or tax advice and is not intended to replace the advice of a qualified attorney, financial or tax advisor or plan provider.

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The Koptis Organization

30432 Euclid Avenue, #201
Wickliffe, OH 44092
Phone: 440.526.2525
Fax: .440.526.4328