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Life Insurance Resources

Learn all about life insurance, explore different types of policies and decide which one fits your needs.

Couple using calculator.

Life Insurance Made Simple

Learn about term life and permanent life insurance in this easy-to-understand guide.

Expecting parents at sunset.

Expecting a Baby? How to Choose Life Insurance

With a baby on the way, you may want to ask yourself these four questions to help you pick a policy.

Home health aide with patient.

What is Long-Term Care Insurance?

The high cost of long-term care can quickly deplete your savings if you're not prepared.

Couple in new home.

Cash Value: The 'Other' Benefit of a Life Insurance Policy

Learn about the benefits of this feature that's specific to permanent life insurance.

Get important information about your Allstate personal financial representative on FINRA's BrokerCheck website.

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How Much Life Insurance Do I Need?

Financial 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 5 simple steps, this tool can help you get an estimate of how much life insurance you might need.

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Allstate logo.

How Much Life Insurance Do I Need?

Current Total


Income Replacement

What is your net annual income?

How many years of income would your policy's death benefit provide for your family? (Recommended: 3 to 7 years)


Mortgage Balance

How much money do you currently owe on your mortgage balance?

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Education Expenses

How much will it cost to educate your child? (General estimate: $100,000 for four-year in-state public university and $200,000 for private college)

How many children will you pay for?

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Other Debts and Expenses

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

How much will your final expenses be? (Typically $10,000-$15,000)

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Your Assets

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

How much additional life insurance do you have?

Back Finish

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

Quick Tips

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

Featured Tools


Which life insurance policy best meets your needs? Answer some questions about your life and goals and we'll suggest plans that might work for you.

Quiz: Test Your Life Insurance Smarts

Do you know the basic features of life insurance? Take our quiz to find out.

Featured Video

Midnight Surprise

Having a baby changes everything. Watch this funny clip to see how news of a new addition can open your eyes to how ready you really are.

More Resources

Get Personalized Help From An Agent

Have some questions about life insurance? Ready to get a policy? Talk to an agent near you to learn more, explore all your options and discuss a plan that fits your needs.

Learn more from an agent

Please note that the offering insurance company or its agents and representatives cannot give legal or tax advice. The brief discussion of taxes on this page may not be complete or current. The laws and regulations are complex and subject to change. For complete details consult your attorney or tax advisor.

Securities offered by Personal Financial Representatives through Allstate Financial Services, LLC (LSA Securities in LA and PA). Registered Broker-Dealer. Member FINRA and SIPC. Main Office: 2920 South 84th St., Lincoln, NE 68506, 877-525-5727. Check the background of this firm on FINRA's BrokerCheck website.

Life insurance offered through Allstate Life Ins. Co. & Allstate Assurance Co., 3075 Sanders Rd, Northbrook IL 60062; Lincoln Benefit Life Co., 1221 N St. Ste 200, Lincoln NE 68508; American Heritage Life Ins. Co., 1776 American Heritage Life Dr., Jacksonville FL 32224. In New York, life insurance offered through Allstate Life Insurance Company of New York, Hauppauge NY.

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