Life Insurance Calculator - Determine How Much Life Insurance You Need

life insurance policy calculator

How Much Coverage You Need

A life insurance calculator, or life insurance needs calculator, is one of the most invaluable tools when you have in mind to buy life insurance. You have many options that will help you decide which policy is best for you. You can just guess that a certain amount will do the job. You can use the rule that many agents use which amounts to somewhere between 5 and 10 years income. Or you can use a life insurance calculator specifically designed to tell you precisely how much life insurance you need after you answer a few questions.

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The questions go something like this for couples, with or without children. You can also apply them to anyone who has someone financially dependent on him or her.

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