Life Insurance Needs Calculator

Our life insurance needs calculator can help you figure out how much life insurance you need.

Figuring out how much life insurance you need is an important task. This calculator can help make the process a little bit easier. It takes into account your income, debts, and other factors to estimate how much coverage you’ll need.


Step 1
Calculate the amount of coverage needed.

The first step is to determine how much life insurance coverage you need. There are a number of factors to consider, such as your age, your health, your income, your debts, and your dependents.

Step 2
Compare life insurance policies.

Once you know how much coverage you need, you can start comparing life insurance policies. There are a variety of factors to consider, such as the type of policy, the length of the policy, the premium, and the death benefit. Check out our Guide to Life Insurance Companies and Policies to get you started.

Step 3
Choose a life insurance policy.

After you have compared life insurance policies, it is time to choose a policy that meets your needs. Be sure to read the fine print and understand the terms and conditions of the policy before making a decision. This is where a financial professional such as an insurance agent or financial advisor comes in to best fit the policy to your needs. If you don’t have a financial professional, contact us and we will be happy to assist you.

Step 4
Apply for life insurance.

The next step is to apply for life insurance. You will need to provide some personal information, such as your name, address, date of birth, and Social Security number. In the best-case scenario, you won’t need to give any more time or energy to the application. In some cases, you may need to get a medical exam including a blood test or urine test in order to get approved for coverage. It all depends on which insurance policy you apply for and how healthy you are.

Step 5
Start paying premiums.

Once you have been approved for coverage, you will need to start paying premiums. Premiums are typically paid monthly or annually. If you stop paying premiums, your policy will lapse and you will no longer have life insurance coverage.


There are many different types of life insurance policies available, so it’s important to do some research and determine which type is right for you. If you have any questions about life insurance or would like more information, please contact us. We would be happy to help you find the best policy for your needs.