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Coverage calculator

Life insurance can help protect your family financially. That's why it's important to customize your policy based on your needs, your expenses and your assets. In just five simple steps, this tool can help you get an estimate of how much life insurance you might need.

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Income replacement

What is your net annual income?

How many years of income would your policy's death benefit provide for your family? (Recommended: 10 years)

Mortgage balance

How much money do you currently owe on your mortgage?

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Question 2 of 5

Other debts and expenses

How much debt do you have? (Auto, loans, credit cards)

How much will your final expenses (i.e. funeral costs) be? (Typically $10,000-$15,000)

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Question 3 of 5

Education expenses

If you have a child, how much will their education cost? (General estimate: $100,000 for four-year in-state public university and $200,000 for private college)

If you do not have a child, continue to the next page.

How many children will you pay for?

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Question 4 of 5

Your assets

How much in available assets do you have?
(Includes cash, savings, certificates of deposit, other)

How much additional life insurance do you have?

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Question 5 of 5

Based on your inputs, you should consider having $0 in additional life insurance.

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An Allstate agent can help protect your family's future with life insurance. Contact an agent to discuss what type of policy fits your needs and budget.

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Quick tips

Term life insurance offers coverage for a set time period.
Permanent life insurance provides lifelong protection.
Your employer's life insurance might not offer sufficient coverage.
Your policy's beneficiary can be a person, charity or trust.

How Much Life Insurance Do I Need?

Coverage calculator

Income replacement

Mortgage balance

Other debts and expenses

Education expenses

Your assets

Quick tips

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