Life Insurance Calculator

Life insurance is probably something you don't often think about, but no financial plan is complete without it. And if you haven't yet put a plan in place, life insurance is a great place to start.

To help you determine how much life insurance is appropriate for you and your family, we've developed this easy-to-use life insurance calculator. By providing some basic information on your family's resources, debt and expenses, current life insurance coverage and future income needs, the calculator will give you an estimate of the amount of needed life insurance coverage.

Please complete the information below and enter only whole numbers. If you need help, view calculator help or mouse over any of the boldfaced terms below.



Step 1: Your Resources

$
$

Step 2: Your Debt and Expenses

$
$
$

Child/Dependent Care Expenses

$
$

Step 3: Your Needs

Income Replacement

$
%

It appears that you may have a shortfall of $ in your life insurance coverage. Please remember that this calculation is an estimate based on the information you provided, and should be reviewed with a qualified life insurance professional.

Your local Knights of Columbus agent will be happy to complete a free, comprehensive needs analysis for you and your family, which may uncover a greater or lesser need than this calculator.

Congratulations! It appears that you may have adequate life insurance coverage in place. This is a tribute to your planning and foresight. However, remember that this calculation is an estimate based on the information you provided, and should be reviewed with a qualified life insurance professional, as your needs can change.