answersLogoWhite

0


Best Answer

A life insurance calculator works by figuring out how much you should pay per month (sometimes other units of time) for a set amount of insurance money. For example, if you have a $500,000 life insurance quote, they will calculate how much you pay a day for it.

User Avatar

Wiki User

12y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: How does a life insurance calculator work?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Is a variable life insurance policy a good idea?

It depends on what your insurance needs are. You can use the calculator here to see if variable life insurance is right for you http://www.lifehappens.org/life-insurance/life-calculator


Where can one find a whole life insurance calculator?

One can find a whole life insurance calculator online at various websites. Some of those websites are Bank Rate, Met Life, Aviva, Term-Life Insurance and Daily Finance.


Where can you find a life insurance calculator online?

Life Insurance providers can get you a calculator on their sites. Consider Mutual of Omaha, New York Life, Met Life. Be sure, however, to check out all the options - you get what you pay for.


Where can one find a life insurance needs calculator?

One can find a life insurance needs calculator online. Some of the useful websites are Life Happens, Bankrate, Genworth, State Farm, LPL Financial and MSN Money.


Where can one access a free life insurance premium calculator online?

You can access a free life insurance premium calculator online at the Bankrate website. Once on the page, click on "Calculators" in the top navigation and select "Life Insurance" from the drop down box to compare rates and calculate premiums.


Is a life insurance calculator necessary when deciding your amount of needed coverage?

A good life insurance calculator can be very helpful to estimate how much coverage you need but it is not imperative. It will come down to what amount you feel comfortable with and how much you can afford.


Life Insurance Calculator?

Life Insurance Calculator How much life insurance do you need? Enter your current assets, expense and income. You can also adjust the inflation rate and your expected rate of return to see how these variables can impact your insurance needs. Press the "View Report" button to see a year by year breakdown of your family's future income and expenses.


Using a Loan Insurance Calculators?

If you ever considered taking out life insurance and were not sure about how much coverage you can afford, then consider using a loan insurance calculator. Using a loan insurance calculator allows you to pick the coverage you need, pick the duration of the term, type in some information about yourself and more. Then the loan calculator, depending on which company it is, will estimate what your monthly payments will be. In many cases, it will also serve as a baseline that an insurance agent will use to work with you on the more exact coverage you want.


How much does twenty four hundred dollars a year buy you in a term life insurance?

It depends on your age and the length of the term. Try an online life insurance calculator.


Does a life insurance calculator provide a benefit for dependents?

Yes, the dependents of the policy holder play a major part in the life insurance calculator process. One of the main things calculated is how much your dependents would have, and what they would need if your death were to happen now.


Comprehensive Life Insurance Analysis?

Comprehensive Life Insurance Analysis How much life insurance do you need? This comprehensive life insurance calculator includes detailed net worth analysis, budgeting and college savings to help you decide how much life insurance you might need. You can also adjust the inflation rate and your expected rate of return to see how these variables can impact your insurance needs.


How does a Universal Life Insurance Policy work?

Universal Life Insurance Policies work by giving death benefits when one dies. Unlike other life insurance policies, universal life insurance policies generate interest over time.