CoverageAssist® - How Much Life Insurance Do You Need?

Life insurance provides peace of mind and protects your family's future. How much coverage will you need to provide financial security for your loved ones when you are gone? For a rough estimate of your coverage needs, complete the brief questionnaire below. Be sure to review our help terms and assumptions.

Your Immediate Needs:
What is your outstanding debt?
How much money will you need for an emergency fund?
What will be the total cost of your final expenses?
Your Long-Term Needs:
Replacement Income
What is the monthly amount of replacement income you will need for family expenses?
How many years after your death, do you want to provide for these payments?
Housing Expenses

Mortgage balance

What is the balance of your current mortgage?

Monthly mortgage

What is your monthly mortgage payment?

How many years after your death, do you want to provide for these payments?

Monthly rent

What is your monthly rent?

How many years after your death, do you want to provide for these payments?

What is the expected annual increase in rent payments?

%

College Expenses
       
  Current annual cost Number of years until college Expected number of years in college
Child 1
Child 2
Child 3
       
Your Current Assets:
What is the total worth of your liquid assets?
How much life insurance do you already have?
Assumptions
 

*This worksheet is provided for education purposes only and is designed to inform you about factors that may affect your life insurance coverage choices. It is based on underwriting criteria commonly applied in the United States, which may not apply elsewhere.


The InsWeb CoverageAssist® - Life Insurance Needs Analyzer is not a tool that makes specific recommendations about your coverage needs. The Analyzer is based on certain assumptions that may not describe your situation.