1️⃣ How do I Find Out How Much Life Insurance I need?

Ultimately, deciding how much life insurance you need is based on how much money loved ones will need if you or your spouse were to pass away untimely. A 4 year old child needs a lot more than a 25 year old child. The tool on this article will allow you to calculate your own specific needs.

2️⃣ How is it calculated

Simply by taking all of your liabilities and adding to it how much money your family will need and subtracting your assets that would be sold and any life insurance you already have.

3️⃣ Valuing Your Assets

It is important to have an actual picture of the value of your assets. Looking at comparable sales, or even having an appraisal done will help make sure your calculations are correct, and will also help make sure you have the right P&C values on your property!

4️⃣ Put your calculations on paper so your family can discuss it

Make the intangible tangible. Putting your results from this calculator, plus any other additions or subtractions, on paper will help make it easier to discuss. Get ahead of the curve and know what your family's needs are before you start to discuss life insurance with your agent.

5️⃣ A Starting Point, Not a Final Answer

Once you have done your calculations, you are now at a starting point. The conversation has just begun, its not finished. You do not have a final answer. That's why you need your annual X-Ray!

6️⃣ More Advanced Calculations?

Keep an eye out, as we have an advanced calculator coming soon. In the meantime, reach out to your agent for more information!

7️⃣Estimate how much life insurance you might need:

Use the calculator below, and print them!

Please note, this information is not saved in our system in anyway.