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Life Insurance Calculator

LIFE INSURANCE NEEDS ESTIMATOR

How much life insurance might you need?

Estimate the financial support your family may need, then subtract the resources you expect to have available. Your answers stay in this browser and are not submitted.

Step 1 of 3

1. Your family's financial needs

Enter the expenses and income support you would want your life insurance to help provide. You can leave a field blank or enter $0 if it does not apply.

Use the remaining mortgage balance, not the original amount.

Count only debts you want covered by the life insurance amount.

Include funeral costs and other final expenses you want to provide for.

Enter the total amount you want to set aside for education.

Include other one-time needs you want to provide for. Avoid counting anything entered above.

Enter the annual amount your family would need to replace after tax, not necessarily your entire income.

Choose how long you want to provide income support.

Tip: Think about which expenses your family would actually need to cover, and enter a value only once.

Your entries are calculated in your browser and are not submitted or saved by this calculator.