<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=1700626273582757&ev=PageView&noscript=1" />

Life expectancy calculator insurance car

Calculate Life Expectancy
According to the IRS

[ Skip to Calculator ] Fine for no car insurance in kentucky

Estimates the number of life years you have left according to the Internal Revenue Service's Life Expectancy Table.

This free online calculator will calculate life expectancy based on how long the IRS is betting you will live, and then display your "Life Odometer" based on that result.

The calculator is based on Table I from IRS Publication 590-B (2014). This table is actually one of three IRS tables used to determine Required Minimum Distributions (RMDs) for qualifying retirement plans (IRAs, 401ks, etc.).

And since I'm using these tables to create other calculators in this section, I thought I would put Table I into a free-standing calculator -- just in case you're interested in seeing how long the IRS is betting you will live.

Please keep in mind that the IRS uses actuarial averages, i.e., they don't account for your specific gender, health habits, or family genes, so don't rush out and make your funeral arrangements for the year this calculator spits out. It is for amusement purposes only!

With that, let's see how long the Internal Revenue Service expects you to live until.

Calculate Years Left Per the IRS
Gold mastercard car insurance details

Instructions: Enter the current year and your current age, then click the "Calculate Life Expectancy" button.
Current year:
Your current age:
Years remaining per the IRS:
Age you will live to:
Year you will live until:
Please grade my work and help me improve:

This Form cannot be submitted until the missing
fields (labelled below in red) have been filled in
Please note that all fields preceded by a red asterisk must be filled in.
New jersey welfare car insurance * Calculator Title
Personal liability insurance rental cars * Calculator Web Address (www.free-online-calculator-use.com/____.html)

How to get more money from car insurance claim * What letter grade would you give the calculator on this page?
A - Perfect, I wouldn't change a thing!
B - Good, but needs slight improvement or an update.
C - Okay, but missing important feature(s).
D - Poor, did not provide me with the solution I was hoping for.
F - Fail, didn't work, inaccurate, should cost less than "free".
(Please tell me what you entered so I can track down and fix the problem.)

Car insurance companies and phone numbers * If you gave it an "A", what did you like most about it, or how did it help you?
-OR-
If less than "A", what change(s) would earn the calculator a higher grade?

Have a question about the calculator? Enter it below and be sure to include your first name and a valid email address.

Amax car insurance quote Platform, Web Browser, & Data

(Please click the button one time only, it may take a moment to submit.)
If you liked this page, please share it, or give it a Like, +1, Tweet, or Pin.
Tweet
Day car insurance 20 year old

Calculate Life Expectancy Glossary of TermsCar insurance premium calculator in pakistani

Check Out My Other Super
Financial Retirement Calculators
To Help You To
Calculate Your ...
Carli rabon insurance

Minimum Distribution Requirement (RDM): Minimum Distribution Requirements come into play when an owner of a qualified retirement plan reaches age 70-1/2, or when a beneficiary assumes or inherits and IRA from the deceased owner.

IRS LE Tables: Tables provided by IRS Publication 590-B for determining Minimum Distribution Requirements for qualified retirement plans. They are the Single, Joint Life and Last Survivor, and the Uniform Lifetime Table.

More free-to-use online calculators that give unbiased results:

  • Cool calculator for bill consolidating
  • Learn about the present value of an annuity
  • Interactive worksheet: How to balance check book

[ Return to Top of Calculator ] [ Return to Top of Page ] Maxi taxi kit car insurance



Home > Retirement Planning Calculators > Life Expectancy Calculator



+1 Free-Online-Calculator-Use.com
+1 Page Site
Equator beer sainsbury's car insurance

Source


Home / Other Calculators / Life Expectancy Calculator

Life Expectancy Calculator

The following is a simple calculator to estimate how long you can live developed by Professor Lyle Ungar and Professor Dean Foster. Unlike most other life expectancy calculators, which may ask you more than 100 questions, this calculator only asks a few simple questions.

http://gosset.wharton.upenn.edu/mortality/perl/CalcForm.html




Life expectancy is calculated on the basis of statistical tables. These show the probability of persons from specific age groups, health habits, occupations, etc. of dying every year.

To put it in the most obvious way: An 80-year old man who has smoked cigarettes for 40 years, who is 200 pounds overweight, and who has never exercised is more likely to die than a 10-year old girl who is 5 pounds underweight and who studies gymnastics.

Of course, all of these life expectancy predictions are based on probability, and there is always a chance they will be wrong. But they help by giving us an idea, and sometimes they tell us things that we might not have known otherwise. For example, if you suffer from clinical depression, you have twice the probability of dying from heart disease.

The experts work into the calculations how your chances are affected by the activities you take part in, your work, your health and health habits (smoking, drinking, etc.). For activities like driving, it is fairly easy to get reliable numbers on how they affect your chance of death. The entire auto insurance industry makes sure this information is accurate. But, for other things, like exercise, it is much more difficult to get reliable data. Yet there are a number of sources that enable estimations to be made.

For example, being out of work has a terrible effect on a person, and tends to decrease that person's life expectancy. Experts say that the tremendous stress cause by losing a job and struggling to find a new one can shorten a person's life, as an important study shows (Daniel Sullivan and von Wachter, Till (2009): Job Displacement and Mortality: An Analysis Using Administrative Data. Quarterly Journal of Economics, 124 (3), 1265-1306.)

Even more surprising is the fact that married people outlive those who stay single. When you tie the knot, a 15 percent great life expectancy comes with it if you stay hitched. Married couples live 1.17 more years than their unwed counterparts. Experts say that financial support from two partners instead of just one makes a big part of the difference, but also regular sex (without angst) and less loneliness help as well. What's more, women with husband's their own age live longer than those who marry younger men. On the other hand (big surprise!) men who marry younger women have an eleven percent greater life expectancy than their coevals. All of this was found in several major studies: Paul Frijters et al. (2005): Socioeconomic status, health shocks, life satisfaction and mortality: evidence from an increasing mixed proportional hazard model.The Australian National University Centre for Economic Policy Research Discussion Paper no. 496 and Sven Drefahl (2010): How does the age gap between partners affect their survival? Demography, 47 (2), 313-326.

Another surprising fact about life expectancy: People who sleep less have a better life expectancy than those who sleep longer. You would think that good long rests in bed would lead to longer life, but it's simply not the case. Experts say that those who sleep longer are doing it for a reason – because they have too much stress, drink too much, etc. Live healthy, sleep less! Actually about five hours a night is what this study recommends: Daniel F. Kripke et al. (2002): Mortality associated with sleep duration and insomnia. Archives of General Psychiatry, 59, 131-136.

Finally, here's a very unusual fact about life expectancy: people who live in Mississippi and Louisiana, the two shortest-lived states, tend to live only 74.2 years. Experts are a total loss to account for the longer lifetimes, although we have to admit that Hawaii seems like a very nice place to live, and at least one study seems to confirm it: Frank R. Lichtenberg (2007): Why has longevity increased more in some states than others? The role of medical innovation and other factors. Manhattan Institute for Policy Research Medical Progress Report, 4.

The World Health Organization lists the countries below as having the highest life expectancies in the world in 2012 – the U.S. is number 39 on the list with the average life expectancy of 79

  1. Japan, 84
  2. Australia, 83
  3. Switzerland, 83
  4. Italy, 83
  5. Andorra, 83
  6. Singapore, 83
  7. San Marino, 83
  8. Spain, 82
  9. Luxembourg, 82
  10. Monaco, 82
  11. France, 82
  12. Norway, 82
  13. Canada, 82
  14. Cyprus, 82
  15. Israel, 82
  16. New Zealand, 82
  17. Iceland, 82
  18. Sweden, 82

Source


Why people buy life insurance

There are good reasons to buy life insurance:

  1. To protect your family and home. Life insurance provides a financial safety net for your dependents and ensures they’re not burdened by your mortgage or other debts.
  2. To protect your business. Life insurance can help your partners and employees keep the business running.
  3. To protect your heirs. For high-net-worth individuals with large estates that will be subject to estate tax, life insurance can help heirs pay the taxes rather than selling off assets.

The two major types of life insurance are term life and permanent life (such as whole life insurance). For the majority of consumers, term life insurance is the most suitable choice. Term insurance covers you for a set amount of time, and the payout can be used to cover any expenses in case you die. Term life insurance quotes are also the most affordable among all life insurance policy types. Here’s more on the differences between term life and whole life insurance.

Here’s a look at sample annual life insurance rates for healthy people:

For a 30-year-old male:

Policy amount20-year term life30-year term life
$250,000$156$240
$500,000$242$403
$1,000,000$415$720

For a 30-year-old female:

Policy amount20-year term life30-year term life
$250,000$141$206
$500,000$208$335
$1,000,000$347$585

How life insurance quotes are determined

Life insurance companies use life expectancy as the basis for determining quotes. Anything that could shorten your life expectancy will typically lead to a higher price. This includes:

  • Your current age.
  • Your sex. (On average, women live longer than men.)
  • Whether or not you smoke.
  • Current health conditions, such as high blood pressure or heart disease.
  • Your immediate family’s health history, such as if one of your parents has had cancer.

Don’t let a health condition stop you from getting quotes - 80% of people overestimate the cost of life insurance. Term life insurance is an affordable way to provide a crucial safety net for your family.

5 important definitions to know if you’re buying life insurance
Policy valueThe amount the life insurance policy pays out if you die during the term of the policy. Also called a death benefit.
PremiumThis is the price you pay for life insurance. Premiums can typically be paid monthly, quarterly or annually.
BeneficiaryThe person designated to receive the life insurance payout, such as a spouse.
The insuredThe person whose life is insured. The policy pays out if the insured person dies.
PolicyholderThe person who owns the life insurance policy and is responsible for payments. The policyholder is the only one who can make changes to the policy, such as changing the beneficiary.

Source

Add comment

This e-mail already registered. or enter another.

Error

Sorry.
↑↑↑↑↑↑↑