Life insurance need analysis

Basic info
Quotes
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Review

Debt

I am In debt Debt free

Mortgage balance if any

Years left to pay it off

Other debt

Can be paid off in # of years

Children Education

I have

childrens

Survivors Supplemental Income

Would you like to supplement your income for your survivors
Supplement Do not supplement

Current annual income after tax

Supplemental income %

For how many years

Funeral Costs & Last Expense

Funeral Costs

Last Expense (additional permanent coverage for your survivors)

Last year of life tax libility

Charity donation

Current assets value

To be liquidated at death
Leave empty if you want to preserve wealth!

Total value of registered assets (taxable)

Total value of non registered assets

Current life insurance inforce

Life Insurance Need

You have enough personal assets to cover your needs. Life insurance can help preserve the wealth you have and transfer it to your survivors. Consider to remove your assets from the calculation to see how much insurance you need in order to preserve your wealth.

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Assumptions
Inflation rate: 2%, Return on investment after inflation: 2%, Education in a local canadian univerisity, Education cost per year: $10,000, Number of study years: 4, Age starting higher education: 18, Average tax on registered accounts: 25%.