If you die unexpectedly, you may be leaving personal or business debts behind that your family will become responsible for. Use this calculator to determine how much life insurance coverage you should have.
Debt
The unpaid portion of your mortgages, loans and debts you would like paid upon your death.
$
$
$
$
$
$
Income Replacement
Number of years (maximum of 20) you would like your family to be able to withdraw cash to replace your annual income.
x $
College Costs
Lump sum to be set aside at your death for each child multiplied by the number of children.
x $
Uninsured Medical Bills
Lump sum to pay uncovered medical bills as a result of care upon death.
$
Transitionary Funds
Dependent care-lump sum to be set aside at your death to care for each child multiplied by the number of children.
Rent/housing-lump sum to be set aside at your death to pay rent or housing expenses for your family.
x $
$
Final Expenses
Lump sum to pay your final burial expenses.
$
Total Life Insurance Needs
Total lump sum total of all debts, income replacement, college costs, uninsured medical bills, transitionary funds, and final expenses.
$
Available Assets
Existing life insurance -Total value of all life insurance you currently own.
Liquid assets - Total of all of your cash, checking, savings, stocks and mutual funds that could be liquidated in the event of your death.
$
$
Total Available Assets
Total lump sum of your existing life insurance and liquid assets.
$
If you have additional amount of life insurance needed, please Find an Agent below.
(Total Life Insurance Needed minus Total Available Assets)
$
Your Total Assets are less than your total life insurance needs. Click below to find an agent.
Related resources
Guides
101 guide: Business life insurance
Is your business prepared for the future? Learn about different coverages to help protect you, your business, and your employees.
