Life Insurance Calculator - How Much Do I Need?

Chris HuntleyWritten by Chris Huntley, Co-Founder

We have two life insurance calculators to help you determine your life insurance needs.

... a simple income replacement calculator and another that considers additional variables.

If you're not sure of where to begin, give us a call, toll-free at 855-247-9555. Our licensed agents offer at least 10 years of experience and we represent more than 50 top-rated life insurance providers. 

  1. Simple Income Replacement Method - Calculate a percentage of your income you need replaced for a specified period of time, for your family to live comfortably.  Use this calculator for a simple income replacement calculation.
  2. Multiple Variable Approach - Calculate the amount it will take to replace your income, pay for funeral and final expenses, and include money to pay off debts (such as a mortgage) and college needs.  Then subtract the total amount required by your current assets and life insurance.  Use this calculator for multiple variables.

Quick Article Guide

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See the advantage of shopping 63 providers

  • $50,000
  • $100,000
  • $150,000
  • $200,000
  • $250,000
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  • $750,000
  • $800,000
  • $900,000
  • $1,000,000
  • $1,500,000
  • $2,000,000
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  • $5,000,000
  • $10,000,000
  • 10 Years
  • 15 Years
  • 20 Years
  • 25 Years
  • 30 Years
  • 35 Years
  • 40 Years
  • Lifetime
  • Instantly Compare Quotes
  • No Obligation
  • It Takes Less than a Minute

Life Insurance Calculator (Multiple Variables)

This calculator factors in many variables to help you determine the amount of life insurance you need, including:

  • Paying off your mortgage and other debts
  • College needs
  • Final expenses

Income Replacement (Only) Calculator

While many professionals recommend that you carry 5 to 10 times your salary in life insurance, we find the following calculator to be a more accurate predictor of your life insurance needs.

Most peoples' family would live comfortably on less than 100% of their income.

That's what makes this calculator so powerful.  It allows you to choose a percentage of your income to replace and how long it's needed.

Get Your FREE Life Insurance Quote NOW

See the advantage of shopping 63 providers

  • $50,000
  • $100,000
  • $150,000
  • $200,000
  • $250,000
  • $300,000
  • $400,000
  • $500,000
  • $600,000
  • $700,000
  • $750,000
  • $800,000
  • $900,000
  • $1,000,000
  • $1,500,000
  • $2,000,000
  • $3,000,000
  • $4,000,000
  • $5,000,000
  • $10,000,000
  • 10 Years
  • 15 Years
  • 20 Years
  • 25 Years
  • 30 Years
  • 35 Years
  • 40 Years
  • Lifetime
  • Instantly Compare Quotes
  • No Obligation
  • It Takes Less than a Minute

Chris Huntley

Chris Huntley

Co-Founder

Chris is a co-founder of JRC Insurance Group. Prior to founding JRC, he owned his own agency, and he has been a licensed life insurance agent since 2014. Chris is a die-hard San Diego Padres fan, and in his spare time he enjoys reading, ping pong, poker, and spending time with his wife and three daughters.

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Questions From Our Visitors

Some of the questions we received from our website visitors:

Clia:

Looking to purchase policy for spouse

Randy McClintickRandy McClintickChairman & Co-founder

Thank you for visiting JRC’s life insurance website.

We'll be glad to help you shop for life insurance for your spouse. Call JRC at (855) 247-9555 and an agent licensed for your state will gather the information to email price comparisons for highly rated companies for the amount of coverage you need to protect your financial future.

Get Your FREE Life Insurance Quote NOW

  • $50,000
  • $100,000
  • $150,000
  • $200,000
  • $250,000
  • $300,000
  • $400,000
  • $500,000
  • $600,000
  • $700,000
  • $750,000
  • $800,000
  • $900,000
  • $1,000,000
  • $1,500,000
  • $2,000,000
  • $3,000,000
  • $4,000,000
  • $5,000,000
  • $10,000,000
  • 10 Years
  • 15 Years
  • 20 Years
  • 25 Years
  • 30 Years
  • 35 Years
  • 40 Years
  • Lifetime
Don't worry, we won't sell your information. By submitting an online insurance quote request, you are providing JRC Insurance Group with your prior express and written consent to call you at the cell phone number or residential phone number provided. Final rates are based on eligibility. You can also reach us toll-free at 855-247-9555.