A few seconds can save you lots of time...and money!

If you're not sure how much life insurance you need, take a minute to use our calculator.  After all, your life insurance rates are determined in part by how much coverage you request.

Typically, you'll want to go with 8 to 10 times your annual salary. This is enough to help pay for funeral and burial expenses, as well as help your family through a tough adjustment phase. If you have lots of debt, a big family, or business obligations, you might consider a policy 12 to 15 times your annual income. Life insurance covers expenses such as credit card debt, mortgage payments, business obligations, private loan payments, car payments, and more.  Be sure you take all of your family's financial obligations into consideration when choosing a coverage amount.


Quick Life Insurance Calculator
Annual Income

NSACE Life Insurance Needs Calculator

(NSACE = The National Society of Agents for Consumer Education)

Step 1. Evaluate Your Income and Assets
What is your current income? $
How many years will your spouse need your annual income?    
Current investment income (Rental Properties, Dividends, Annuities, etc.) $
Existing liquid assets - All assets that can be turned into cash within 3 months (We recommend you not liquidate retirement accounts due to tax penalties) $
The amount of your existing life insurance coverage: $
Step 2. Evaluate Your Debts and Expenses
Outstanding mortgage balance: $
Outstanding loans: $
Final expenses: (Medical, Funeral, Taxes) $
Step 3. Evaluate Your Child Support College Expenses
*We suggest an average annual tuition cost of $15,000 - $20,000 per year
Child: Monthly child cost: Years child will require support: College expenses:
1 $ yrs
2 $ yrs
3 $ yrs
4 $ yrs
5 $ yrs
Additional Recommended Life Insurance: