Life Insurance Needs Calculator

Answer a few simple questions to estimate the amount of life insurance coverage you need.

How much monthly income would you like to provide, if you were no longer here?

Think about how much money it would take to cover daily living expenses. Don’t include education savings, childcare, or any debts that you would like to pay off immediately (such as your mortgage), since those are covered in other questions.

* this is a secure form and is completely anonymous.

How many years should income be provided after you’re gone?

How much debt would you like to pay off immediately?

Consider things like outstanding mortgage, student loans, credit card balances, and car loans.

How much would you like to provide for childcare?

Consider how much it will cost for childcare services in your area and how long you’ll need them. If you’re a stay-at-home parent, you’ll likely need to provide for childcare services if you are no longer around. Keep in mind that childcare needs will change as your kids get older.

What amount would you like to set aside for an education fund?

How much would you like to set aside for an emergency fund?

If you don’t already have one, it’s a good idea to set aside at least three to six months’ worth of expenses in your emergency fund.

How much personal life insurance do you already have?

Don't include any life insurance policies you may have through work, since these policies would likely be eliminated if your job changes.

This field is hidden when viewing the form

Burial cost

This field is hidden when viewing the form

Total need