Best Life Insurance Offers For You
Valid zip code required
Get Quotes

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

  • What type of life insurance do I need?
  • How much coverage should I buy?’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:
Get Started

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. You'll see by the findings below that while most people realize life insurance is essential, they need help figuring out how much to buy. Key findings from the 2018 Insurance Barometer report by the research trade association LIMRA and the non-profit life insurance awareness association show:

  • 41% say they don't have any life insurance.
  • 63% have put off buying life insurance based on the belief that it costs too much, but consumers tend to overestimate the price. For instance, when asked how much a $250,000 term life policy would be for a healthy 30-year-old, which is about $160 a year, most estimate it was more than three times the actual cost.
  • One in five of those who own life insurance say they don't have enough coverage, while about one in five who don't own any don't know how much they should buy.
  • Among married/partnered respondents, one third wish that their spouse or partner would purchase more life insurance, while an additional 16 percent are not sure how much life insurance protection their spouse or partner has.
  • Almost half of respondents would feel the financial adversity from the loss of their primary wage earner in just six months, and more than a third would feel adversity in a month or less.’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.