Term Life Insurance Calculator

Our term life insurance calculator makes finding out how much life insurance you need simple and fast. Answer a few quick questions about your debt, savings, and expenses, and we'll show you a personalized estimate.

Then, you can easily compare policies and affordable rates from top life insurance providers. Enter your age below to get started.

Figuring out how much life insurance you need can be complicated. Our free life insurance calculator makes it simple by sharing a personalized estimate based on your answers to a few quick questions.

First, you'll provide general information about your debt, savings, and expenses which we'll use to calculate an ideal life insurance coverage amount for you. From there, you can get a quote for a life insurance policy that best matches your and your family's needs. Get started by entering your age below.

You and your family

Your age must be between 18 and 78
Please select your family makeup
Just me
Me & my partner
Me & my kid(s)
Me, my partner, & kid(s)
Please enter the amount you plan to spend on education
In-state averages of tuition and boarding: $25k/year for 4-year public, $50k/year for 4-year private & about $15k/year for 2-year public per child

Source: https://www.debt.org/students/the-true-cost-of-college/

Your income and debt

Please enter your yearly income
Not including unearned income (investment income, disability, SSI, welfare, etc.)
Suggested 5 or more years. Call 1.866.703.23321.800.957.95251.800.369.3990 for options beyond 10 years.
If your circumstances are unique, call us for assistance at 1.866.703.23321.800.957.95251.800.369.3990.
Car loans, credit cards, student loans, etc.

Your expenses

Average costs are $7,000 - $10,000**
Consider a lump sum to cover costs for childcare, aging parents, donations, etc.
Individual, group, or other employee policies that will not be cancelled or replaced while this policy is in effect.
Savings, CDs, stocks, mutual funds, or other liquid assets. Real estate should not be included.

** Source: https://nfda.org/news/statistics

Your term life insurance estimate

Based on our calculation, the benefit amount that best suits your financial situation is:

Our calculation indicates that your current life insurance needs may be lower than the number above. Additional coverage may help you in meeting unanticipated needs. Please call one of eFinancial's licensed agents at 1.866.703.23321.800.957.9525(866) 912-7775 to help you find the coverage that’s right for you.
You can get an online quote for up to $1,000,000. Our calculations indicate you may require a higher coverage amount, so please call an eFinancial licensed agent at 1.866.703.23321.800.957.9525(866) 912-7775 to help you find the coverage that’s right for you.