How Much Life Insurance Do You Need?
This calculator can help estimate the amount of life insurance that may be required to support your family, remove debt and fund other financial priorities.
Income replacement
Income replacement assumes the insurance proceeds earn 4% annually and that the income provided to your family increases by 2% annually to account for inflation. These assumptions are for illustration purposes only.
Debt repayment
Education funding
Final expenses and other wishes
Existing life insurance
Your estimated life insurance need is:
This calculator is intended to provide an initial estimate and a starting point for discussion. It is not a formal insurance needs analysis or recommendation. Your actual insurance needs may differ based on your financial circumstances, survivor income, existing assets, taxes, estate planning objectives and other factors. A more detailed needs analysis should be completed before proceeding with an insurance recommendation.