Income Replacement Calculator
Should a breadwinner die, the financial impact for dependents is the loss of the breadwinner's income.
The following will calculate the money needed for a replacement income.
Gross Annual Income Required by dependents:
$10,000
$12,500
$15,000
$17,500
$20,000
$22,500
$25,000
$27,500
$30000
$32,500
$35,000
$37,500
$40,000
$42,500
$45,000
$47,500
$50,000
$55,000
$60,000
$65,000
$70,000
$75,000
$80,000
$85,000
$90,000
$95,000
$100,000
$110,000
$120,000
$130,000
$140,000
$150,000
$160,000
$170,000
$180,000
$190,000
$200,000
$225,000
$250,000
$275,000
$300,000
$350,000
$400,000
$450,000
$500,000
$750,000
$1,000,000
$2,000,000
$3,000,000
Number of years this income will be required:
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
Estimate the inflation rate:
1%
2%
3%
4%
5%
6%
7%
8%
9%
10%
11%
12%
13%
14%
15%
Estimate the interest rate:
1%
2%
3%
4%
5%
6%
7%
8%
9%
10%
11%
12%
13%
14%
15%
Province:
Alberta
British Columbia
Manitoba
New Brunswick
Nova Scotia
Newfoundland
Northwest Territories
Nunavut
Ontario
Prince Edward Island
Quebec
Saskatchewan
Yukon
Birthdate:
January
February
March
April
May
June
July
August
September
October
November
December
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
Gender:
Male
Female
Smoker/Tobacco:
Yes
No
Health Class:
Preferred Plus
Preferred
Regular Plus
Regular
Type of Insurance:
5 Year Level Term
10 Year Level Term
15 Year Level Term
20 Year Level Term
25 Year Level Term
30 Year Level Term
35 Year Level Term
40 Year Level Term
Level Term to age 65
Level Term to age 70
Level Term to age 75
Other Term
10, 20, 30 Year Term
All Level Term Product Categories
Whole Life Guaranteed Life Pay
Whole Life Guaranteed Pay to 65
Whole Life Guaranteed 20 Pay
Whole Life Guaranteed 15 Pay
Whole Life Guaranteed 10 Pay
U/L T100 - Minimum Premium
U/L T100 - Minimum Premium - 20 Pay
U/L-T100 - Minimum Premium - 15 Pay
U/L-T100 - Minimum Premium - 10 Pay
Term to 100 Guaranteed Life Pay