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Life insurance shoppers start their buying process with two crucial questions:

Insure.com’s life insurance calculator (below) makes it simple for you to find quick answers to these questions. The tool offers an individualized analysis of your life insurance needs.

Life Insurance Coverage Calculator
How Much Life Insurance Do You Need?
If you are looking for:

By answering questions about family debt, college-bound children, inheritance plans and other financial obligations, you’ll receive an analysis of whether you need term life or permanent life insurance (or both) and the amount of coverage you should buy.

Armed with answers to the two starting-point questions, you’ll then be ready to seek life insurance quotes.

Ensuring you have sufficient life insurance coverage is one of the best ways to provide a financial safety net for your family should you no longer be there to provide for them. In a nutshell, you want to have enough life insurance to cover your outstanding debts, your funeral expenses you’re your family’s future household expenses. The policy, ideally, should be active for as long as your major financial debts are in force. So, for instance, if you have 20 years left on your mortgage, you’d want a 20-year policy.

Insure.com’s life insurance calculator can help you figure out what you need. It takes into account a variety of life situations. For example, a person who wishes to cover certain debts like a mortgage often needs term life insurance, which provides insurance protection for a specified period of time. On the other hand, someone who oversees a family business or who wants to provide an inheritance to children through life insurance may need a permanent life insurance policy.

Our life insurance calculator keeps a running total of coverage amounts required, and its analysis shows how your answers led to the specific results.


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