Life insurance needs calculator

Now it’s easy to get a fast estimate for how much life insurance coverage you need.

And if you already have some life insurance, you can find out if that coverage is enough. Just answer the few simple questions below. More information about each question is available where you see this symbol:

Ready? Let's get started:

* Indicates required field

Future Expenses

${{ values.future.total | formattedNumber '0' }}

Please fill out all required fields highlighted in red.

First, when were you born? {{ age }}

Birthdate is out of range
{{ values.future.birthdate }}
{{ $future.birthdate | json }}

Next, we'll get an estimate of your future expenses.

$
{{ values.future.final }}
$
{{ values.future.emergency }}
$
{{ values.future.childcare }}
$
{{ values.future.education }}

Debt

${{ values.debt.total | formattedNumber '0' }}

In this section, we'll estimate current financial obligations that would need to be covered.

Enter your best estimate for any outstanding debts that your loved ones would be responsible for:

$
{{ values.debt.mortgage }}
$
{{ values.debt.student }}
$
{{ values.debt.credit }}
$
{{ values.debt.other }}
$
{{ values.debt.auto }}

Replacement Income

${{ values.income.total | formattedNumber '0' }}

Please fill out all required fields highlighted in red.

Now, let’s think about how much income your family would need if you weren’t there.

Assuming that all of your debts and other future expenses are paid, enter the annual income your family would need, and how long they would need it for, to meet any other financial obligations.

$
Current Annual Income must be greater than $0
{{ values.income.current }}
{{ $income.income | json }}
Must be at least one year
{{ values.income.term }}
{{ $income.term | json }}

Current Assets and Other Life Insurance

${{ values.assets.total | formattedNumber '0' }}

Finally, let's consider two other factors: Your current assets and other coverage you may have.

Estimate the current assets that your family could use to pay for ongoing expenses or debt.

$
{{ values.assets.savings }}
$
{{ values.assets.other }}
$
{{ values.assets.retirement }}

Last question: How much existing life insurance do you have?

This figure should be the total coverage for any policy you’ve purchased on your own, have through your employer or other source.

$
{{ values.assets.existing }}

You're done!
That's everything you need to estimate how much coverage is right for you.

See your results
{{ $future | json }}
{{ $income | json }}
Loading