Life Insurance Calculator

Life insurance provides peace of mind for your family. Use our calculator to find the coverage amount that replaces your income, pays off debts, and covers future expenses like education. Get a personalized estimate in seconds.

Enter Values Talk to Expert

Immediate Cash Needs ▲

Current mortgage or rent fund i

Other debts i

Final expenses i

Postsecondary education fund i

Amount required for grieving period i

Survivor Income Needs ▲

Spouse’s Annual Income i

Annual Budget for Survivors i

Years of Income Required i

Grieving Period Fund (Survivor) i

Estimated Inflation Rate i

After-Tax Investment Return i

Current life insurance and other assets ▲

Existing life insurance i

Other funds available i

Calculate Your Life Insurance Needs

Fill in the details on the left and click “Calculate Coverage” to determine how much life insurance your family may need.

Your Life Insurance Coverage Need

Recommended Coverage
$0

Total Needs

Total Assets

Coverage Gap

Coverage Breakdown

Income Replacement

Mortgage Payoff

Other Debts

Education Fund

Grieving Fund

Final Expenses

Savings & Investments

Existing Coverage

Get Your Life Insurance Plan

Download a complete PDF report with your coverage needs breakdown.

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Important Assumptions

This calculator provides estimates for illustrative purposes only and should not be considered financial advice. Results are based on the inputs provided and assume a consistent rate of return, which may not reflect actual market performance.

All dollar figures are in Canadian funds (CAD).

For personalized advice, please contact our team.

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