Before you start comparing life insurance quotes, figure out how much coverage you need with this online life insurance calculator.
Calculating your life insurance needs starts with determining how much coverage you should get to provide for your loved ones once you're gone. Our life insurance calculator lets you compare different scenarios to calculate what level of life insurance coverage suits your life and priorities.
How much money would your family need if you passed away unexpectedly? You can dive right into the calculator below to find out how much life insurance you need, or you can start by gathering some basic info from these articles first:
Enter the values about your income, your family's income (if there are multiple earners), family size, and the various expenses you'd like your life insurance to cover. The life insurance calculator will retain your values after you complete it once. If you want to compare different scenarios, simply adjust the values and re-submit to see the difference in life insurance calculation. You may also wish to consult your financial advisor to determine if this estimate makes sense for your particular circumstances.*
*This calculator is for illustrative and educational purposes only. Its accuracy and applicability to your circumstances is not guaranteed. You may wish to consult your own advisor regarding your particular circumstances.
Please note: The above is meant as general information to help you understand the different aspects of insurance. This information is not an insurance policy, does not refer to any specific insurance policy, and does not modify any provisions, limitations, or exclusions expressly stated in any insurance policy. Descriptions of all coverages and other features on this page are necessarily brief; in order to fully understand the coverages and other features of a specific insurance policy, we encourage you to read the applicable policy and/or speak to an insurance representative. Coverages and other features vary between insurers, vary by state, and are not available in all states. Whether an accident or other loss is covered is subject to the terms and conditions of the actual insurance policy or policies involved in the claim. References to average or typical premiums, amounts of losses, deductibles, costs of coverages/repair, etc., are illustrative and may not apply to your situation. We are not responsible for the content of any third-party sites linked from this page.