Life Insurance Calculator
To determine how much life insurance coverage you should buy, please use our free life insurance calculator below:
Now that you know how much life insurance coverage you need, head on over to our insurance quotation page to request a free, no obligation quote!
How much life insurance do I need?
Getting the right amount of life insurance is crucial to creating a financial safety net for your family in case something happens to you.
But how do you find the right amount?
Believe it or not, it’s actually not that hard! You’ll need a few key pieces of financial information like your income, mortgage, and current insurance coverage. Then you just have to plug the numbers into the calculator above and it will compute how much you need.
How much does life insurance cost?
Now that you’ve calculated how much life insurance you need, you need to buy a policy to cover this amount. But how much does it cost?
That depends on a few things, like your age, gender, smoking status, and the type of insurance you buy. A term insurance policy is the most affordable but the cost depends on the length of term you buy. Shorter terms cost less and longer terms are more pricy.
If you want to know how much life insurance costs, plug in the numbers in our tool on the right. It compares over 20 insurance companies in Canada to find you the best price.
