Back to top

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.

Get a term life quote
Start over

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

Looking for Term Life? Get a Quote Today.

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

Get a term life quote

Term life not for you? Call 1-800-497-7970to speak with a representative.

Related Resources:

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

This life insurance information is provided for general consumer educational purposes and is not intended to provide legal, tax or investment advice. Allstate life insurance issued by Direct General Life Insurance Co., 911 Chestnut Street, Orangeburg SC 29115 and American Heritage Life Ins. Co., 1776 American Heritage Life Dr., Jacksonville FL 32224. Life insurance also offered and issued by third party companies not affiliated with Allstate. Each company is solely responsible for the financial obligations accruing under the products it issues. Product guarantees are backed by the financial strength and claims-paying ability of the issuing company.

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