Life Insurance Calculator
Calculate how much life insurance coverage you need based on income, debts, and family needs. Free and instant results.
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Total Coverage Needed
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Income Replacement
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Debt Coverage
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Est. Monthly Premium
Life Insurance FAQ
How much life insurance do I need?
A common rule is 10-12x your annual income, plus outstanding debts and future obligations like children's education. Our calculator gives a more detailed estimate based on your specific situation.
Term vs Whole Life Insurance?
Term life is cheaper and covers a specific period (10-30 years). Whole life costs 5-15x more but builds cash value. Most financial advisors recommend term life for most families.
What affects life insurance premiums?
Age, health, smoking status, coverage amount, and term length are the biggest factors. A healthy 30-year-old can get $500K coverage for $20-30/month.