Can I take a loan from my policy?
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Life Insurance Coverage Calculator
While it is hard to calculate the precise number of your life insurance coverage, it can still be helpful to estimate the coverage you need based on your financial standings today. This calculator will help estimate your coverage need and use it as a reference when shopping for policies.
RESULTSQ&A
CALCULATORRESULTSQ&A
Does anyone depend on you financially?
Total Annual Income to Replace
Years of Replacement Income Need
30
- 5
- 10
- 15
- 20
- 25
- 30
- 35
- 40
Debt Amount
Savings & Investments Balance
Number of Children
2
- 0
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
Education Cost per Child
Burial Expenses
One-time Expenses
Results
Your insurance coverage need is:
$2,099,000
Items | Amount |
|---|---|
Income Replacement | + $1,800,000 |
Debt | + $90,000 |
Education Cost | + $200,000 |
Burial Expenses | + $7,000 |
One-time Expenses | + $7,000 |
Savings & Investments | - $5,000 |
Life Insurance Coverage Needed | = $2,099,000 |
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