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Life Insurance Calculator

Life Insurance Calculator

This tool will help you estimate how much life insurance you will need to secure the financial future of your loved ones.

Immediate expenses after death

(funeral expenses, probate fees, etc.. $15,000 is an estimate)
(minus current creditor insurance)
(lines of credit, bills, credit cards, )
(approximation is $10,000 to $15,000 a year per child, deduct any existing education savings)
(funds needed to cover any unexpected events, typically 3-6 months' salary )

Ongoing Income Requirements

(use 70% of your current annual income as an estimate)
(you can use the number of years to retirement or until your children leave home)

Value of Existing Assets

(partials/ group employer and association plans, personal individual coverage, and mortgage insurance)

Your Life Insurance Needs

Total liability and cash needs +

$

Amount of income needed by your survivors

$

Total capital required to meet your cash and income needs

$

- Total assets

$

Total capital required to meet your cash and income needs

$

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You & Your Partner

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Your Insurance Requirements:

Do You Smoke?

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Why choose Instant Life Insurance?

  • Compare rates from top Canadian providers

  • Insurance products to suit every need

  • Experienced advisors across Canada

  • No medical insurance plans

  • Products available for ages 0-85

Why choose Instant Life Insurance?

  • Compare rates from top Canadian providers

  • Insurance products to suit every need

  • Experienced advisors across Canada

  • No medical insurance plans

  • Products available for ages 0-85