How Much Life Insurance Do You Need?

To help you determine how much life insurance is appropriate for your family, we've developed this easy-to-use life insurance calculator. By evaluating some basic information on your family's resources, debt and expenses, current life insurance coverage and future income needs, the calculator will give an estimate of the amount of coverage your family may require.

This life insurance calculator should be used only as a guide and should not be considered a recommendation. To get a more accurate needs analysis, call one of our licensed agents at (800) 228-1640.

Please complete the information below and enter only whole numbers - no commas please.
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: (credit cards, auto loans, home equity loans)
$ 
Final expenses:(Medical, Funeral, Taxes)
$ 
Step 3. Evaluate Your Child Support and College Expenses
*We suggest an average annual tuition cost of $15000 - $20000 per year
Child: Monthly child cost: Years child will require support: College expenses:
1
$ 
years
$ 
2
$ 
years
$ 
3
$ 
years
$ 
4
$ 
years
$ 
5
$ 
years
$ 
Additional Recommended Life Insurance: $ 

Is your family adequately protected? Secure their protection today:

Get an Instant Quote

The results generated by this calculator are hypothetical and will vary based on user input. Spectrum Direct does not guarantee the accuracy of the calculations, results, nor their applicability to your individual circimstances. We recommend you use this calculator as a guideline only. A Spectrum Direct agent can assist you with your results, and answer any questions you may have.

Get a Quote
Get an Instant Quote
Your free term life insurance quote is just seconds away. Get a Quote
Speak with an Agent
Speak to an Agent
Let a licensed agent provide you with the best rates for your needs. Speak with an Agent
© Copyright 2010 Spectrum Direct Insurance Services, Inc. All Rights Reserved.
Member BBB Online VeriSign Secure Inc.5000