The Life Insurance Calculator will help you to estimate how much life insurance coverage you need to give your family a comfortable life. Living comfortably means that your family is sufficiently provided with the basic needs in life and the money for other expenditures; that your loved ones have the fund to settle large expenses in case something happens to you; and that your children have the means to complete their education.
The calculations shall be based on your answers to some basic questions. If you do not know what to answer, please read our suggestions and estimate according to your particular circumstances.
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Costs at Death
- compute possible costs that your family will incur at your death
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One-Time Expenses
- allocate funds for children's education and to pay off loans, etc.
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Monthly Living Expenses
- estimate your family's cost of living
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Other Assets
- calculate existing insurance or other assets
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Financial Needs
- determine how much insurance you need