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How Much Life Insurance Do I Need?

The amount of life insurance you need may depend on how much your family will need to cover future expenses in the event of your death. You should consider your family's comprehensive future expenses and income, including major life events. Based on these determinations, and the length and type of the policy of your choosing, this life insurance calculator will present results that will help you plan for their future. Your current assets are also important to consider, along with any potential for those assets to increase in value.

How Much Life Insurance Do I Need?

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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.

Income Replacement

Question 1 of 5

Mortgage Balance

Question 2 of 5

Other Debts and Expenses

Question 3 of 5

Education Expenses

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

  • 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


Get the protection you need and the peace of mind you deserve with Allstate insurance.

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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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