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Life Insurance
Calculator
Calculate your life insurance need just by answer to these simple questions.
This Life insurance calculator designed to help Canadians calculate your immediate cash needs, income replacement, and available assets for comprehensive financial planning. Answer to some easy but critical questions can help you to understand how much money you need to cover your assets and loved ones against unpredicted situation.
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Immediate Cash Requirements
Final Expenses:
(To pay funeral, taxed, etc. $5000 - $25,000)
Mortgage Balance
(To payoff mortgage balance)
Personal Loans
(To payoff loans, line of credis, etc.)
Emergency Funds
(3-6 month's salary)
Chilren's Education
($10,000 to $25,000 per child, per year)
Income Replacement
Monthly income to protect your family
For how many years?
Assets & Savings
Saving & investment accounts
(RRSP, TFSA, FHSA, Chequing or Saving accounts, etc.)
Other assets
(Vehicles, business and all other properties)
Current active life insurances
Total Cash Needs:
+
Total Income Replacement
-
Assets & Insurance
Total Insurance Need
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