Life Insurance Calculator

About the Life Insurance Calculator

This tool helps you estimate the amount of life insurance coverage you may need to financially protect your family. It's designed to give you a baseline understanding of your needs.

How it Works

The calculator considers several key financial factors:

• Income Replacement: How many years of your annual income would your family need to maintain their standard of living.
• Total Debt: This includes your mortgage, car loans, student loans, and any other outstanding debts that would need to be paid off.
• Future Education Costs: The estimated cost to fund your children's college or other educational expenses.
• Final Expenses: An estimate for funeral costs and other end-of-life expenses.

The result is a recommended coverage amount that aims to cover these major financial obligations. For a precise recommendation, it's always best to consult with a qualified financial advisor.