Life Insurance Needs Calculator
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Life Insurance Needs Calculator
Calculate the optimal life insurance coverage for your family’s financial security
£175,000
Additional Life Insurance Needed
Calculation Formula
Insurance Need = Debts + Mortgage + Education + Final Expenses + PV of Income Replacement – Existing Cover – Liquid Savings
PV of Income Replacement = Income × Years × ((1+Inflation)/(1+Return))^((Years+1)/2)
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