Forget the complicated math and jargon. Use our life insurance calculator, and let us do the hard work for you! Quickly figure out how much life insurance you and your family may need.
01. Answer some simple questions.
02. We’ll crunch the numbers.
03. Get a starting point for your life insurance needs.
This is the amount that will be paid to your beneficiary if you were to pass away. Typically, you’d want this amount to be able to pay off any existing debt (car loans, student loans, etc.), as well as help your family make up for your lost income and pay for any funeral expenses.
Also known as term length, this is the length of time that your policy covers you. For term life insurance, this could be anywhere from 10-30 years. Generally, you’d want your policy to be there as long as you have debt or until your kids are financially-independent.
If you have questions or want to talk through your options with a non-commissioned agent, give us a call at 888-828-9760.
Term life insurance policies provide temporary coverage for a certain amount of years, but they’re typically more affordable, which can be ideal for young families. Our Life Covered specifically offers term life insurance, so that you can more easily find coverage that works with your budget.
The best time could be right now! Since age and health determine the cost of your rate, now may be the best time to get covered. Otherwise, your price could increase as you get older.
While this may provide a healthy baseline, it may not be enough to help support your family if you were gone. And if you change jobs, these policies may not go with you, which means you could lose valuable life insurance protection. Many experts in the insurance industry recommend households have 5-10 years of income replacement in order to help protect their loved ones against loss of income1.
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.
If you're a stay-at-home parent, enter a rough amount your household saves on things like childcare, housekeeping, petsitting services, etc. each year with you staying at home.
Psst-- many experts in the insurance industry recommend 5-10 years of income replacement.
Include your mortgage balance, student loans, car loans, credit card balances, etc.
You should have coverage for as long as you have debt.
If you're debt-free (woot!), enter "0."
Your policy should last until your kids are financially independent.
If you don't have any kids, enter "0."
Include your savings, retirement funds, investments, etc.
We want to make sure we account for what you may already have.
If none, or if you plan to replace this coverage, enter "0."
Hey! Looks like you may need of coverage. Unfortunately, we’re not able to provide online quotes for more than $2M in coverage. But we can still get you covered!
Give us a call and one of our non-commissioned agents can give you a more personalized quote that’s tailored to fit your specific needs.