Life Insurance  
Providing for your family in the event or your death is a fundamental of risk management. And life insurance benefits that replace your income may be one of the best ways to meet your family’s ongoing financial needs. This calculator is designed to help you estimate the amount of life insurance you would need to produce a sufficient income stream for your family.
     

What is your current income before taxes?

$

What percentage of this income will your family need?

%

For how many years will your family need this income?

What do you expect the rate of inflation to be over this time period?
Note: In recent years, inflation has been 3 percent.

%

What investment return do you expect your family to earn over this time period (0 percent to 10 percent)?

%

Enter the total of any one-time payments that your family will have. (e.g., funeral costs, future college costs, home mortgage, and any other debts you want the insurance to pay.)

$
 
   
   
Elsass Financial Group
125 West Boyer Street • Wadsworth, OH • 44281
Phone: 330.336.9292 or 800.886.8334 • Fax: 330.336.1418

Karl Elsass, CFP®, AIF®, CLU®, ChFC®, MBA
Bill Elsass, CLU®, ChFC®, CASL®, LUTCF

132 South Broad Street, Suite 202
Canfield, OH 44406
Phone: 330.702.9950 or 866.702.8334
Fax: 330.702.9951

Kevin Chiu, CFP®, AIF®, ChFC®, MBA

125 West Boyer St. Wadsworth, OH 44281 Tel: 330-336-9292 Fax: 330-336-1418 Email: info@elsass-efg.com Securities offered through Cambridge Investment Research, Inc., (CIR) a Broker/Dealer, Member FINRA/SIPC. Investment Advisor Representative, Cambridge Investment Research Advisors, Inc., a Registered Investment Advisor. CIR, SFCU, C1CU and Elsass Financial Group are not affiliated. Non-deposit investment products: are not FDIC or NCUA insured • are not obligations of or guaranteed by the credit union • involve investment risk and may lose value. Office of Supervisory Jurisdiction located at: 125 W. Boyer, Wadsworth, OH 44281 Phone: 330.336.9292