How much life insurance do I need?

You should carry enough life insurance to pay off all your debt (mortgage, car loans, credit cards, etc) if you were to die today.  If you want to create an inheritance or plan for your children's college, you should buy enough life insurance to achieve those goals also.

 

Quick Life Insurance Needs Calculator
If any entries do not apply, leave them as 0
What is your yearly salary?
(You may consider 2 years salary)

How Much Are Your Mortgage Payments a Month?
(If you rent, put in Monthly Rent):
How Many Years Are On Your Mortgage?
(If you rent, years until retirement)
How much other debt do you have?
(Credit Cards, Cars Loans, etc.)
Would you like to leave an education fund?
(Put Number of Kids)
Final Expense for Funeral

$10,000

Life Insurance Needs Estimate:

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*Please note: This tool is for estimating only.  Please see your agent for specific policy guidelines.