Life insurance calculator
Start here, then go deeper on the question you actually have.
The calculator below estimates a coverage gap from your obligations and resources. If your question is narrower than that, the tools underneath answer it directly.
Your coverage gap
- Coverage gap
- $1,330,000
- Income replacement
- $1,125,000
- Debts and costs
- $345,000
- Already covered
- $140,000
Obligations minus what's already in place.
$75,000 × 15 years
Mortgage $250,000 + debts $20,000 + education $60,000 + final $15,000
Insurance $100,000 + savings $40,000
Arithmetic on your figures, not a quote. It can't know your age, health, or an insurer's underwriting, which are what determine cost and availability.
Or pick the question you came with
How much do I need?
Needs calculator
Income replacement, debts, education, and final costs, minus what you already hold.
I just want debts cleared
Debt calculator
Totals the obligations that wouldn't disappear, without income replacement.
How many years?
Term length calculator
Finds your longest obligation and the standard term that outlasts it.
Which quote is better value?
Quote comparison
Normalises two quotes to cost per $1,000 of coverage per year.
Why none of these quote a premium
Life insurance pricing depends on your age, health class, and an insurer’s underwriting. A calculator producing a premium from a few fields is generating a plausible-looking number, not a price. These do arithmetic on figures you supply, and stop there.
These tools perform arithmetic on the figures you enter. They do not estimate premiums, predict approval, or account for your state’s rules. Quote My Policy LLC is a licensed insurance producer.