How Much Life Insurance Do I Need?
Our Life Insurance Needs Calculator helps estimate an amount of coverage to help ensure your dependents are financially stable.
Life insurance is a delicate topic – one many people aren’t comfortable talking about. It makes you think about death and what would happen to your family if you were gone. It also makes you wonder if your family would have the financial resources to cover final expenses and maintain their standard of living without you.
Life insurance generates a lot of questions, most of which fall into two categories:
1) What type of insurance will best meet my family’s needs?
2) How much will I need?
Life insurance doesn’t come in a one-size-fits-all plan. There are many different types of life insurance available with different features and benefits. When considering the life insurance that’s a good fit for you and your family, you need to examine your finances and consider current debts and assets, as well as current and future income and expenses for your family.
This life needs calculator Life Needs Calculator is a great starting point to give you an idea how much life insurance you may need to adequately protect your family financially.
Navigating through the choices, options and amounts can be difficult. American Family agents are always available to help explain your options and work with you to determine which plans and amounts will help protect your family.