Life Insurance Needs Calculator
What is it?
This calculator is a rough estimate of how much life insurance you might need for “peace of mind” coverage – to be fully covered for any future expenses that might arise such as college tuition and mortgage payments.
Do not be alarmed if you see $250,000 or even $500,000 as the estimated amount, that is to be expected! According to a LIMRA study done in 2015 – 80% of consumers misjudge the price for term life insurance, with Millennials overestimating the cost by 213%, and Gen Xers overestimating the cost by 119%.
For example, a healthy, non-smoking 30-year old male can get a $250k 30-year term policy for as little as $34 per month. Pretty reasonable right?
Quick Quote Request
We just need the number from the calculator above and a few pieces of info to get you an accurate quote