Calculating your life insurance amount
How much money would your family need if you passed away unexpectedly? You can dive right into the calculator below to find out how much life insurance you need, or you can start by gathering some basic info from these articles first:
- How much life insurance do I need? Find out which financial obligations and assets you should factor in.
- How much is life insurance? Learn the factors that can affect your life insurance premium, as well as average rates by age.
- Final expenses calculator. Get an idea of how much your final expenses will cost so you can factor those into your life insurance amount.
Life insurance calculator
Enter the values about your income, your family's income (if there are multiple earners), family size, and the various expenses you'd like your life insurance to cover. The life insurance calculator will retain your values after you complete it once. If you want to compare different scenarios, simply adjust the values and re-submit to see the difference in life insurance calculation. You may also wish to consult your financial advisor to determine if this estimate makes sense for your particular circumstances.*
*This calculator is for illustrative and educational purposes only. Its accuracy and applicability to your circumstances is not guaranteed. You may wish to consult your own advisor regarding your particular circumstances.