Term Life Insurance Calculator

Unsure how much coverage you need? Use this calculator for an estimate.

This helps us calculate the amount your loved ones may need to replace your income if you were to pass away unexpectedly.
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Think about how long you plan to keep working or 30 years, whichever is shorter.
Only include individual term or whole life insurance policies but not coverage through your employer.
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We use state tax rates to generate a more accurate coverage estimate.

Your Estimated Insurance Need

Additional Coverage Recommended:

$0

Calculation Breakdown:

Total Income to Replace (Present Value): $0
Final & Burial Expenses: $0
Total Need: $0
Less Current Coverage: -$0

Methodology Assumptions:

It assumes a 'Married Filing Jointly' tax status, a 10% reduction of after-tax income for personal expenses, final expenses of $10,000, and a 1.5% discount rate to calculate the present value of future income over a maximum of 30 years. This calculator is for educational purposes and is not a recommendation.