Term Life Insurance Calculator

Monthly Household Expenses
Annual Income (GROSS)
Years to be replaced
Existing Life Insurance (Excluding work or expiring term)
Investment Assets (not including retirement)
Retirement Assets
Your Needs Analysis

Spouse Needs Analysis

Your Assets vs Insurance Needs Gap

Spouse Assets vs Insurance Needs Gap


Calculating your life insurance needs on your own can be a long and complicated process. That’s why we developed our life insurance calculator. Our online term life calculator helps you think through your coverage needs. It is set up to ask you the right questions and help you establish the existing debts, current living costs, and future expenses that you should provide coverage for. It’s quick and easy to use our insurance calculator. In fact, you’re just a few steps away from finding the coverage you need to aptly protect your family.

The Best Life Insurance Quote Calculator

To get an accurate quote through our life insurance premium calculator you need to know your exact coverage needs. Without calculating your coverage requirements, it can be easy to either under or over estimate the amount of money your loved ones will need to be financially secure in your absence. To get an accurate number using a life insurance rates calculator, you’ll need to consider about the following costs:

  • Existing Debts

    If you have large credit card balances, a mortgage on your family home, a car loan, or any other debts that would be passed over to you family or impact their lives, you need to include it in your calculations and if you wish to leave enough money to cover these costs.

  • Living Costs

    Life insurance is a great way to cover your family’s living costs for a number of years. This is especially important if you are the main income provider or a stay-at-home parent. Term life insurance is the perfect way to replace your income, provide for childcare costs, and cover any additional day-to-day expenses.

  • Future Expenses

    One of the many uses of life insurance is providing for your loved ones’ long term future. Many people use life insurance to ensure that their dreams for their family can be financially fulfilled. For example, if you have children and would like them to attend college, you could leave a lump sum to cover their college education costs. Other examples include home down payments, wedding funds, and legacy amounts.

  • End of Life Bills

    Many people are surprised to learn just how expensive funeral costs can be. In fact, the average funeral can easily exceed $10,000. Providing a lump sum to pay for these costs can save your family from having to find the money to pay for these bills.

Our online life insurance calculator will work through these expenses with you and calculate the right amount of coverage you will need to protect your family financially should you pass away unexpectedly.

Life Insurance Quotes For The Coverage You Need

It takes just a few minutes to use our online life insurance calculator. Once you’ve calculated your coverage needs, our online quote form is an accurate life insurance premium calculator. It can find you life insurance quotes from the highest rated life insurers in the country. IntelliQuote® partners with the best-rated insurers to find you the coverage that best fits your needs either online or on the phone. We’re here to help you make a smart insurance choice. Start your life insurance search by using our life insurance quote calculator, today.