How much life insurance do you think you need? Get a general idea in just two questions—then use our needs checklist to get a more detailed answer.
Here's a General Estimate.
One rule of thumb is to have 7 times your annual salary. So for you that would be [$xxx,xxx] in life insurance coverage.For the average [xx]-year-old, a term period of [x] years can cover the time when their family may be most dependent on their income.
Want a more detailed estimate?
Answer a few additional questions to get a personalized assessment.
Tie up loose ends.
The median cost of a funeral with a viewing and burial is $8,508 (2015, National Funeral Directors Association). Also, consider other final expenses and medical fees.
Cover
of my final expenses - funeral, medical bills - about
$0
Clear the slate.
Consider how much your beneficiaries will need to erase student loans, as well as credit card and other debt.
Pay off
of my debt - student loans, credit cards - about
$0
Provide for your family.
How long do you want your family’s day-to-day expenses provided for after your income is gone? Financial professionals recommend covering 7-10 years of your salary.
Cover my share of household expenses for
years - about
per month.
$0
Protect your home.
Pay
of the remaining balance on my mortgage of
$0
Send your kids to college.
Pay
of higher education costs for
kids at
per year.
$0
Go the extra mile.
Set aside
to leave a legacy for my family, friends and causes I believe in or cover unforeseen costs.
$0
Subtract what's already coming in.
I have
of other life insurance and liquid assets that those who are most important to me could use to pay for the items above.
$0
Total Coverage Amount
$0
Based on your answers, we recommend:
$0 of coverage
Learn & Plan
Getting Started
Life insurance made simple! Learn how to shop for the right policy and what to consider when you purchase.
