Term life insurance is generally your most cost effective option if all you need is life insurance.
If you are looking for a tax sheltered investment you might want to consider Universal Life Insurance. If you want a savings component, you might want Whole Life Insurance. But the bottom line is this: you will pay administration charges over and above your life insurance premium cost in both cases.
Term Life Insurance Calculator
The following calculator will help you estimate how much life insurance you need to cover your family's financial needs, following their loss.| Financial Need | Amount |
| Remaining Balance on Current Mortgage | |
| Funeral Expenses | |
| Children's Future Education | |
| Debt (Autos, Credit Cards, Loans, etc) | |
| Family Emergency Fund | |
| Your Current Income | |
| Total Life Insurance Needed | |
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