TallyLIFE INSURANCE
LIFE INSURANCE
09 / 19INCOME TO REPLACE
YEARS OF REPLACEMENT10 yr
INCOME GROWTH2.5%
DEBTS / OBLIGATIONS
CHILDREN2
WHAT YOU ALREADY HAVE
COVERAGE READOUT
RECOMMENDED COVERAGE
$1,325,000
INCOME REPLACEMENT
$952,287
EDUCATION FUND
$120,000
TOTAL NEED
$1,457,287
OFFSETS
$150,000
WHAT DRIVES THE NEED$1,457,287
INCOMEFINAL EXP.
Income replacement$952,287
Mortgage$350,000
Other debts$15,000
Education$120,000
Final expenses$20,000
Less existing coverage & assets− $150,000
TERM PREMIUM ESTIMATE
YOUR AGE38
ESTIMATED MONTHLY PREMIUM
$84.52
ANNUAL PREMIUM
$1,014
TOTAL OVER 20 YR
$20,284
COVERAGE PRICED
$1,325,000
RATE PER $100K / MO
$6.38
RATE TABLE BASIS
- Table rate · $500K non-smoker
- $36.50/mo
- Coverage band factor
- ×0.87
- Smoker load
- ×1.00
Priced from published 2026 Canadian term rate charts (average monthly premiums for $500,000 of coverage, Ontario non-smoker, standard underwriting) with age interpolation, coverage-band pricing and smoker loads. Actual quotes depend on medical underwriting, height/weight, family history and driving record.
EXPORT
EXPORTS EVERY INPUT, RESULT AND YEAR-BY-YEAR FIGURE FROM THIS CALCULATION.