Calculating Life Insurance

This is an on-line life insurance calculator for determining what amount of life insurance should be taken out by a parent paying child support to protect the financial future of the child(ren) of his or her child support order.

How much life insurance is needed to protect your child support order?

1. What is the planned income from the support order?
2. For how many years will the support order be in place?
3. What annual inflation factor is provided by the order?
4. What annual return might be realized on the invested life insurance proceeds?
5. the life insurance required to protect the support order:
$



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CHILDREN’S INSURANCE -- Divorcing parents must negotiate health and dental insurance for their minor children as part of their separation agreement. Sometimes the spouses negotiate a qualified medical support order, known as a QMCSO, which can be part of COBRA (Consolidated Omnibus Budget Reconciliation Act) coverage that also protects the former spouse.

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"A Plain English Guide to Protecting Your Children"

Author: Mary L. Boland, Attorney at Law