Calculating your economic value to your family is an important part of buying life insurance. The ReliaQuote needs calculator is an easy-to-use tool that can help you estimate how much life insurance you require based your own assumptions and personal data.
This life insurance calculator should be used only as a guide and should not be considered a recommendation.
If you died tomorrow, how much money would your family need to cover the following expenses?
Immediate Cash Needs
(for an unexpected crisis, such as a major illness)
(auto loans, credit card, personal loans, etc.)
(after tax; today's dollars)
(after tax annual rate of return applied to the insurance fund that provides the replacement income)
(long term historical inflation rate is about 4%)
Children's Education Funds
Annual College Costs*
Number of Years in College
(After tax rate of return)
Funds Available After Death
(if you want to leave these for your spouse at retirement, enter 0)