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.

Outstanding Mortgage(s)

Amount of mortgage to be paid at death.

College

Total estimated college costs needed today.

Personal Debts

All personal debts such as car loans, credit cards, etc.

Other

Emergency fund and any other lump sum expenses not provided above.

Assets

Current Investments

The current value of investments and bank accounts (e.g. mutual funds, savings accounts, etc.)

Current Life Insurance

The total current death benefit coverage on your life.

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.

Part II - Income

Liabilities

Annual Target Life Income for Beneficiary

Desired annual income to support your beneficiary's living expenses.

Beneficiary's age today:

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.)