UnionCare | Life Insurance Calculator

Life Insurance Calculator

A quick and simple way to calculate what can possibly be the minimum amount of life insurance you may need today. Your needs will more than likely change over time but the amount you calculate below can be a good foundation for your financial future.

Step 1

Please enter your best estimates...

DEBT


Combine credit cards, student loans, and other debt

INCOME


Enter your annual income

MORTGAGE


Combine the balances of any mortgages you have

EDUCATION


Enter the amount of any existing or planned annual tuition


Step 2

The following is your total life insurance need...

Your Summary

DEBT

INCOME x 10 YEARS

MORTGAGE

EDUCATION x 4 YEARS

TOTAL



Note: While this estimate may exceed the coverage amounts offered on UnionCare or some individuals' budgets, it is provided to you as an estimate of the ideal amount of life insurance coverage you may need based on your current financial situation. The key for today is to get the amount of coverage in place that you are comfortable with for your situation.



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