How much life insurance might you need?
You don't need to know the answer before you start. Add a few numbers below and we'll help you get a simple estimate of the financial gap you may want to protect.
This calculator is a starting point, not a recommendation. Your actual insurance needs depend on your individual circumstances.
What would you want taken care of?
How much is currently owing on your mortgage?
For example, a line of credit, loans, credit cards or other personal debt.
An amount you would like available for funeral, legal, estate or other final expenses.
For example, children's education or another financial goal you would want funded.
Add any other financial need you'd want covered.
Would your family need ongoing income?
Think about how much money your household might need each year if your income were no longer there. Enter the amount you would actually want replaced, not your full salary.
Enter an amount, or use $0 if this doesn't apply to you.
A whole number of years, up to 50.
Annual income needed × number of years: $0 × 0 = $0
What protection is already in place?
These amounts can reduce the financial gap that may need to be covered.
Include personal life insurance and workplace coverage you want to count.
Only include assets you would actually expect to be available for these needs.
Your estimated coverage gap
$0
Based on the numbers you entered, this is an estimate of the financial gap you may want to explore protecting with life insurance.
Financial needs
- Mortgage$0
- Other debts$0
- Final expenses$0
- Future goals$0
- Income replacement$0
- Other needs$0
- Total$0
Minus existing resources
- Existing insurance$0
- Available savings and investments$0
- Total$0
Estimated coverage gap
$0
This estimate is for general informational purposes only. It is not an insurance recommendation, quote, financial-needs analysis or guarantee of coverage. Your actual insurance needs may be higher or lower depending on your personal circumstances. Insurance availability, pricing and terms are determined by the insurer and may be subject to underwriting.
Want to make sense of your number?
A calculator can give you a starting point. A conversation can help you understand what actually makes sense for you.