Life Insurance Calculator
How much life insurance do you need?
If you die, the financial impact for your dependents is the loss of the income that you provided.
The following will calculate the lump sum of money needed to provide a replacement income.
Gross annual income needed by dependents
$10,000
$12,500
$15,000
$17,500
$20,000
$22,500
$25,000
$27,500
$30000
$32,500
$35,000
$37,500
$40,000
$42,500
$45,000
$47,500
$50,000
$55,000
$60,000
$65,000
$70,000
$75,000
$80,000
$85,000
$90,000
$95,000
$100,000
$110,000
$120,000
$130,000
$140,000
$150,000
$160,000
$170,000
$180,000
$190,000
$200,000
$225,000
$250,000
$275,000
$300,000
$350,000
$400,000
$450,000
$500,000
$750,000
$1,000,000
$2,000,000
$3,000,000
$4,000,000
$5,000,000
Number of years this income will be needed
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
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41
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47
48
49
50
51
52
53
54
55
56
57
58
59
60
Estimate the inflation rate
0%
1%
2%
3%
4%
5%
6%
7%
8%
9%
10%
11%
12%
13%
14%
15%
Estimate the interest rate
0%
1%
2%
3%
4%
5%
6%
7%
8%
9%
10%
11%
12%
13%
14%
15%
Province
Alberta
British Columbia
Manitoba
New Brunswick
Nova Scotia
Newfoundland
Northwest Territories
Nunavut
Ontario
Prince Edward Island
Quebec
Saskatchewan
Yukon
Birthdate
January
February
March
April
May
June
July
August
September
October
November
December
1
2
3
4
5
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7
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10
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19
20
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25
26
27
28
29
30
31
1916
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1918
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1920
1921
1922
1923
1924
1925
1926
1927
1928
1929
1930
1931
1932
1933
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1935
1936
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1939
1940
1941
1942
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1944
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1948
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1950
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1952
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1960
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1963
1964
1965
1966
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2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
Gender
Male
Female
Smoker / Tobacco
No
Yes
Health Class
Preferred Plus
Preferred
Regular Plus
Regular
Type of Insurance
10 Year Level Term
15 Year Level Term
20 Year Level Term
25 Year Level Term
30 Year Level Term
35 Year Level Term
40 Year Level Term
Level Term to age 65
Level Term to age 70
Level Term to age 75
Level Term to age 80
Other Term
10, 20, 30 Year Term
All Level Term Product Categories
Decreasing Term
Whole Life Guaranteed Life Pay
Whole Life Guaranteed Pay to 65
Whole Life Guaranteed 25 Pay
Whole Life Guaranteed 20 Pay
Whole Life Guaranteed 15 Pay
Whole Life Guaranteed 10 Pay
U/L T100 - Minimum Premium
U/L T100 - Minimum Premium - Pay to 65
U/L T100 - Minimum Premium - 20 Pay
U/L-T100 - Minimum Premium - 15 Pay
U/L-T100 - Minimum Premium - 10 Pay
Term to 100 Guaranteed Life Pay
Term to 100 Guaranteed 20 Pay
Calculate
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