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How Much Life Insurance Do I Need?

Updated: May 2020

The amount of life insurance you need may depend on how much your family will need for future expenses after you pass away. You should consider your family's comprehensive future expenses and income, including major life events. Your current assets are also important to consider, along with any potential for those assets to increase in value. Based on these factors, and the length and type of the policy you choose, this calculator may help you decide how much life insurance is right for you.

How Much Life Insurance Do I Need?

Coverage Amount

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.

Income Replacement

Question 1 of 5

Mortgage Balance

Question 2 of 5

Other Debts and Expenses

Question 3 of 5

Education Expenses

If you do not have a child, continue to the next page.
Question 4 of 5

Your Assets

Question 5 of 5

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


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This content is for informational purposes only and may not be applicable to all situations.

Life insurance offered through Allstate Life Ins. Co. & Allstate Assurance Co., 3075 Sanders Rd, Northbrook IL 60062; 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. ©2020 Allstate Insurance Company, Northbrook, IL.
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