Life insurance calculator: How much do you need?
Everyone with financial obligations should have life insurance, but determining how much can be challenging. The amount of life insurance you need comes down to how much money your loved ones would need for future expenses if your income were no longer available. Use our life insurance calculator to aid your decision-making process.
This calculator is intended to provide general information about life insurance needs based on information and assumptions provided by you. Because of this, the accuracy of this information is not guaranteed and is dependent upon the accuracy of the information that you provided. Results may vary depending on your individual circumstances. This calculator does not ensure the availability of or your eligibility for any specific product or amount of insurance.
The information is provided for illustrative purposes only and does not constitute a recommendation. There may be other factors that you will need to consider when ultimately deciding how much life insurance is appropriate. This information is not intended to offer any tax, legal or financial advice. It is always a good idea to consult your tax, legal and financial advisors regarding your specific situation.
The information in this report about the likelihood of various outcomes is hypothetical. There is no guarantee that the rate of return selected can actually be achieved. Investments offering the potential for higher rates of return also involve a higher degree of risk. Commissions, fees, taxes or other charges are not included in this report and could impact results.
Edward Jones is a licensed insurance producer in all states and Washington, D.C., through Edward D. Jones & Co., L.P., and in California, New Mexico and Massachusetts through Edward Jones Insurance Agency of California, L.L.C.; Edward Jones Insurance Agency of New Mexico, L.L.C.; and Edward Jones Insurance Agency of Massachusetts, L.L.C.