Everyone is different, and no two financial pictures are alike. Use this calculator to find out how much Life insurance is right for you. Step 1: Income NeedsEstimate the income you would need to replace if you or your partner were to pass away. You Annual Income $ Other Income $ Examples: Investments, rental income, Social Security Years Needed How long your beneficiaries would rely on this income Total income to replace: $0.00 Spouse or Partner Annual Income $ Other Income $ Examples: Investments, rental income, Social Security Years Needed How long your beneficiaries would rely on this income Total income to replace: $0.00 Step 2: ExpensesEstimate the total amount you'd like to provide for expenses you may leave behind or want to plan ahead for. You Monthly Expenses $ Examples: Rent, utilities, insurance, debt payments Major Expenses $ Examples: Mortgage balance, college savings Final Expenses $ Examples: Funeral and final medical expenses Wedding Planning $ Amount you want to leave for future wedding costs, if you have children Total expenses: $0.00 Spouse or Partner Monthly Expenses $ Examples: Rent, utilities, insurance, debt payments Major Expenses $ Examples: Mortgage balance, college savings Final Expenses $ Examples: Funeral and final medical expenses Wedding Planning $ Amount you want to leave for future wedding costs, if you have children Total expenses: $0.00 Step 3: Legacy PlanningLife insurance can be a financial instrument to help you pass wealth on to friends or charitable organizations in a tax-smart way. Enter amounts below, if applicable. You Wealth Transfer $ Funding a Trust for Ongoing Care of Loved Ones $ Charitable Giving $ Total Legacy Planning: $0.00 Spouse or Partner Wealth Transfer $ Funding a Trust for Ongoing Care of Loved Ones $ Charitable Giving $ Total Legacy Planning: $0.00 Step 4: AssetsEnter the value of your assets. You Savings and Investments $ Examples: Retirement plans, stocks, real estate Other Existing Life Insurance Policies $ Existing insurance plans and benefits outside of this plan Total Available Assets: $0.00 Spouse or Partner Savings and Investments $ Examples: Money market accounts, stocks, real estate Other Existing Life Insurance Policies $ Existing insurance plans and benefits outside of this plan Total Available Assets: $0.00 Estimated Life Insurance NeededThis is the amount of Life insurance needed based on the estimates you provided. You Total Needed: $0.00 Spouse or Partner Total Needed: $0.00 Leave this field blank