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Calculate Your Needs for Life Insurance

Knowing the exact amount can be tricky, but our life insurance calculator can help you find the
right life insurance coverage amount for your loved ones.

STEP 1 OF 12

How much do you think your funeral will cost?

Insure Tip: According to the National Funeral Directors Association, the average cost of a funeral is $8,755.

STEP 2 OF 12

Do you have debts your family will need to pay?

Insure Tip: To find out how much life insurance you'll need, just tell us a little about yourself and we'll take care of the rest

STEP 3 OF 12

How much is your current debt?

Insure Tip: Include all outstanding debts including mortgage, student loans, credit cards, car loans, a family business, etc

STEP 4 OF 12

How long will it take to pay off?

Insure Tip: Estimate how many years it will take to pay off all of your debts.

STEP 5 OF 12

Do you have college-bound children?

Insure Tip: Tuition can vary from $36,000 for a public 4-year college to $120,000 or more for a private 4-year college.

STEP 6 OF 12

How much college tuition do you want to provide in total?

Insure Tip: Tuition + room & board can vary from $85,000 for a public 4-year college to $194,000 or more for a private 4-year college. Remember to add up costs to include all children.

STEP 7 OF 12

How many years until your youngest child graduates college?

Insure Tip: This will help determine how long you may need a life insurance policy to be in effect.

STEP 8 OF 12

Will your family need to replace your annual income or have an emergency fund?

Insure Tip: Even if you're a stay-at-home parent, funds will be needed to pay for child care and other household tasks. The Insure.com Mother's Day survey estimates $65,000 a year for these responsibilities.

STEP 9 OF 12

A How much annual income would your family need to maintain its current standard of living without you?

Insure Tip: Think of the amount your family will need each year without your contribution.

STEP 10 OF 12

How long do you want coverage to last?

Insure Tip: You should consider your age and the ages of those in household.

STEP 11 OF 12

How much additional money do you want to leave your heirs?

Insure Tip: Consider who else besides your family you may want to leave money to, such as a charity, and include that amount here.

STEP 12 OF 12

How long until you retire?

Insure Tip: The earliest age that a person can start receiving Social Security retirement benefits is age 62 and full benefits may not be available until age 67 other needs.