Free life insurance calculator

Not sure how much life insurance you need?
Our free calculator makes it easy to find out what’s right for your family. Let’s get started!

Your Salary

1. What's your annual income?

Consider how many years your family will need financial support to replace
your income (5 to 10 years is common).

What’s your salary?
How many years do you want to provide support?

Based on your salary, you'll want your life insurance policy to cover at least:

Your Debt

2. How much debt do you have?

Add up all of your debts, including student loans, auto loans, personal loans, credit cards, and mortgages.

Your Student Loans
Your Auto Loans
Your Credit Cards
Your Mortgage
Your Other Debts
Based on your debts, you'll want your life insurance policy to cover at least:

Your Family

3. How much do you pay in childcare and tuition?

Consider your family’s current and future expenses. How much will they need to cover things like daycare, tuition (including college), or even your funeral?

How much do you pay for daycare each month?
How many more months of daycare will you need?
How much tuition will your family need (include college)? Remember to include for each child.
How much will your family need to cover funeral costs (average is $15,000)?

Based on your family’s needs, you'll want your life insurance policy to cover at least:

Your Assets

4. How much do you have in assets that can easily be converted into cash?

Consider all of your assets that can easily be converted into cash. Let’s add them up and deduct them from the total amount of life insurance you’ll need.

How much do you have in your savings accounts?
How much is in your college tuition fund?
How much do you have in brokerage accounts?
How much do you have in other life insurance policies?
How much do you have in other assets (cars that are paid off, retirement accounts, CDs, etc.)?

Based on your current assets, you might want to lower your life insurance policy by at least:

Total


5. Based on your answers, you’ll want your life insurance policy to cover at least:
$0.00