Investors Life Insurance Company of North America

Investors Life: Life Calculators

In addition to providing financial resources for your family in the event of your death, life insurance is also used to meet long-term financial goals. One of your long-term goals may be to provide funds for your child's education. Our College Funding Calculator will illustrate the funds needed to cover costs associated with your child's future college education. Please fill in the blanks below and click on Calculate to submit your request and receive your illustration.

Current age of child years
College entrance age years
Expected years of college attendance years
Current annual college costs
(Public = $11,354; Private = $27,516)
$
Annual inflation rate for college costs %
Annual investment earnings rate %
Current college savings $
Present value of college costs upon entrance to college $
Value of current college savings upon entrance to college $
Additional savings required upon entrance to college $
Annual savings required to meet college funding goal $
OR
Current lump sum required to meet college funding goal $

Please click on one of the links below or contact us to request additional information about insurance products offered through Investors Life.

Insurance Needs Retirement Savings
Tax Deferral College Funding

 

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