life insurance calculator
Plan for Your Loved Ones' Financial Future
Estimate how much life insurance coverage you may need to help protect your family and provide financial security for the years ahead.
Life Insurance Needs Calculator
Enter your estimates below to see how much coverage your family may need. Totals update as you type.
Your family's needs
Total remaining balances on your mortgage, auto loans, personal loans, credit cards, and other debts you would want paid off.
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Annual income your family would need to replace × number of years they would need that income. Consider everyday living expenses and how long your family would depend on your income.
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Estimated funeral, burial or cremation costs, and other final expenses.
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Estimated cost of college, trade school, or other education expenses × number of children you want to provide for.
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Costs for daycare, after-school programs, or additional household help your family may need.
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Additional money you would want to leave to help your spouse save for retirement or meet other long-term financial goals.
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Typically 6 to 12 months of essential living expenses to help your family adjust financially.
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Total life insurance needs
$0
Resources you already have
Current life insurance coverage, including personal policies and any employer-provided coverage you expect to be available.
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Savings, investments, and other accessible funds you would be comfortable using to support your family.
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Other benefits or income your family may receive, such as Social Security survivor benefits or pension benefits. Use an estimated total value, avoiding amounts already counted above.
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Additional life insurance needed
$0
This calculator provides an estimate for planning purposes only and is not a quote or recommendation. Contact Bolton Insurance to review your coverage options.