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Insurance Education

our life covered life insurance needs calculator

July 18, 2019

So, you’ve made that big step and decided it's finally time to purchase a life insurance policy to help protect your family. You start your search, but you’re overwhelmed. You have no idea how much coverage you might need, how long you may need it for, or what fits your budget. You’re stuck and on the verge of throwing in the towel - life insurance is just too complicated. Here at Our Life Covered, we feel your pain and understand that purchasing life insurance is an important task. Which is why we created the OLC life insurance calculator*.

Why is the calculator so important?

Our Life Covered is grounded with a mission to educate and empower women in their life insurance journey. We strive to provide women with the necessary tools to make well-informed decisions about life insurance. Through personal experiences and communication with women just like you, we realized there is not enough clear information out there about determining how much life insurance coverage you may need or how long your coverage should last based on your family’s needs. So, we worked to change that by creating the OLC life insurance calculator. We are aware of the potential difficulties when purchasing a life insurance policy, and the calculator is one way in which we strive to break down these walls.

What exactly does the calculator provide (and why)?

Our calculator provides two important things - the first being, your coverage amount. This is the dollar value that would be paid to your beneficiary if you were to pass away. Ideally, you’d want this amount to be enough to cover any debts and help your family make up any lost income. The second item we calculate is your coverage duration (or term length). You’d want your policy to be active as long as you are projected to have debt or until your kids are financially independent - whichever is longer. This helps to ensure that your policy benefit proceeds would be enough for your family to cover all major expenses and bills in your absence.

To get to your starting point, the calculator will walk you through a few questions. What's your income? How many years of income replacement do you want? How much debt do you have? The combination of your answers help us to determine a general idea of you and your family’s financial situation. This is what helps us to determine the level of coverage that might best suit your (and your family’s) needs!

General tips to get the most out of the calculator

Ready to start your life insurance journey? Here are some helpful hints about our life insurance calculator to consider:

  1. If you don’t know the exact amounts - estimates will work just fine!
  2. The calculator is just meant to be a starting point. You may feel like you need more or less, and the decision is up to you! Through our online quoting tool, it’s easy to quickly adjust the coverage amount and duration to see what suits your budget best

If you have questions or want to talk through your options with one of our in-house, non-commissioned agents to understand what best fits your needs, please feel free to give us a call at 888-828-9760

Ready to give a try? Check it out here!

Whether you’re the primary earner for your household,stay at home with your kids full-time, or anything in between, your absence can certainly have some sort of financial impact on the people you love and the family you provide for.

Maybe that impact is due to a loss of income, or maybe it’s due to the sudden need to replace all the care and service you provide. Maybe it’s the expense of funeral arrangements and additional end-of-life expenses. Either way, it’s very real.

Our Life Covered’s life insurance calculator can help you get one step closer to securing your family’s financial future in your absence. You don’t have to be a math genius to figure out how much life insurance you might need. Our calculator provides a starting point in determining how much coverage might best fit you and your family’s needs!


Our Life Covered is committed to helping busy moms find life insurance coverage that fits their budget, meets their needs, and leaves plenty of time for the sweetest parts of life.

Get a quote in seconds and call (888-828-9760), email, text (636-590-7416), or chat with one of our friendly and helpful non-commissioned life insurance agents today

For more conversations about life and life insurance, follow us on Facebook, Twitter, Instagram, and Pinterest, or send us a message directly!

*This calculator is intended to provide general information about life insurance needs based on information and assumptions provided by you. Because of this, the accuracy of this information is not guaranteed and is dependent upon the accuracy of the information that you provided. Results may vary depending on your individual circumstances. This calculator does not ensure the availability of or your eligibility for any specific product or amount of insurance.

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