How much Life Insurance do I need?

Planning to meet the financial needs of your survivors is one of the most important and fundamental steps in creating a sound financial plan for you and your family. This step usually requires the purchase of a life insurance policy to ensure that your family's needs will continue to be met, even after your untimely death cuts your earnings potential short.

Age, Income and Assumptions
Your current age
Spouse's current age (if applicable)
Current annual income ($)
Spouse's annual income (if applicable) ($)
Spouse's desired retirement age (if applicable)
Investment return: (%)
Anticipated inflation rate: (%)
Immediate Cash Needs
Funeral expenses ($)
Final expenses ($)
Mortgage balance ($)
Other debts ($)
Long-Term Income Needs
Desired annual income needs (typically 70-80% of current combined income) ($)
Number of years income is needed
College needs ($)
Long-Term Income Needs
Investment assets ($)
Existing life insurance ($)
Include social security benefits?
Age of oldest child under 18
Age of second child under 18
Age of third child under 18
Age of fourth child under 18

Online Banking

A South Carolina Federal Credit Union representative will assist you in the process. To enroll, please visit one of our financial centers or call our Contact Center:

  • 843.797.8300  (Charleston)
  • 803.738.8300  (Columbia)
  • 843.545.8300  (Georgetown)
  • 800.845.0432  (Nationwide)

Forgot your User ID?

Please call our Contact Center for assistance:

  • 843.797.8300  (Charleston)
  • 803.738.8300  (Columbia)
  • 843.545.8300  (Georgetown)
  • 800.845.0432  (Nationwide)