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Navy Mutual College Cost Calculator
calculator This worksheet can assist you in calculating the approximate amount of life insurance that is currently required to support your beneficiary(ies) in the event of your death today by allowing you to calculate the difference between your assets and liabilities. Although this worksheet can be an excellent tool for estimating today's life insurance needs, it is not intended to be a replacement for a financial planner or insurance counselor.

Navy Mutual Life Insurance Needs Analysis Calculator

Note: press the TAB key to move between fields.
Name:
PART I. LUMP SUM
Liabilities
Death Expenses. Burial, funeral, and estate settlement expenses. Typically the greater of $10,000 or 4% of estate. More info
Outstanding Mortgage(s). Amount of mortgage to be
paid at death. 		More info
College. Total estimated college costs needed today. Calculate College Costs
 More info
Personal Debts. All personal debts such as car loans, credit cards, etc.  
Other. Emergency fund and any other lump sum expenses not provided above. More info
Assets
Current Investments. The current value of investments and bank accounts (e.g. mutual funds, savings accounts, etc.) More info
Current Life Insurance. The total current death benefit coverage on your life. More info
Lump Sum Pension Amount. Contact pension plan documentation or plan administrator to determine the amount (if any) that would be paid as a lump sum.  
Other. Other assets that will be sold or received to provide money for supporting the beneficiary. More info
PART II. INCOME
Liabilities
Annual Target Life Income for Beneficiary. Desired annual income to support your beneficiary's living expenses. Beneficiary's age today. More info
Assets
Annual (SBP) Income (if applicable). For SBP explanation, contact Navy Mutual Aid Association at 1-800-628-6011.
Annual Social Security Income (if applicable). Contact the Social Security Administration at www.ssa.gov to obtain a statement on survivor benefits.
Pension Annual Income.  Contact pension plan documentation or plan administrator to determine the amount (if any) that would be paid annually.
Other Annual Income. Beneficiary's annual income and miscellaneous annual investment income (rental income, survivor annuities, etc.) More info