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?
Annual Income Replacement
Years Needed to Cover
15
- 5
- 10
- 15
- 20
- 25
- 30
Debt Amount
Savings & Investments Balance
Number of Children
Education Cost per Child
Planned Funeral Cost
Existing Life Insurance Coverage
Results
Your estimated insurance coverage is
$370,000
Items | Amount |
|---|---|
+ Income Replacement | $750,000 |
+ Debt Expense | $100,000 |
+ Educational Cost | $20,000 |
+ Funeral Cost | $10,000 |
- Savings & Investment | $10,000 |
- Existing Life Insurance Coverage | $500,000 |
= Additional Life Insurance Coverage Needed | $370,000 |
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