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Detailed life insurance calculator

Calculate your life insurance needs

Estimating how much life insurance is right for you and your family takes several factors into account. To learn the amount of life insurance you need, you'll need to determine what you want to protect in the event of your death.

Before getting started, we recommend gathering detailed information about your monthly expenses and current assets. Providing accurate numbers will help the calculator produce a more accurate and useful estimate for you.

The calculator will walk you through four steps:

  1. 1. Large expenses

  2. 2. Monthly expenses

  3. 3. Income and assets

  4. 4. Your estimate

  • Step 1 of 4: current
  • Step 2 of 4: not yet started
  • Step 3 of 4: not yet started
  • Step 4 of 4: not yet started

Large expenses

First, we'll estimate some of the one-time expenses your family would face, as well as some larger expenses that you may want to provide for with life insurance.

Fields marked with an asterisk () are required.

Final expenses


Education expenses

$ 0

Covering monthly expenses

Next, let's take a look at your typical monthly living expenses -- things your family would need to cover to continue living your current lifestyle.

If one of these expenses doesn't apply to you, just leave it blank.

Fields marked with an asterisk () are required.




Other monthly expenses

$ 0
$ 0

Income and assets

Next, we'll look at your current assets and income that would be available to your family today if the unexpected happens.

Fill in the total values of these assets. If they don't apply to you, just leave them blank.

Spouse's future income

Current assets

$ 0

Your estimate

Based on the information you provided, here are the estimated amounts of life insurance you would need to cover your family's expenses and large expenses without your income.

Notes about your estimate

Your individual financial situation may require more or less insurance than these suggested amounts, to cover personal debts and fund other expenses.

Remember, your calculation is based on today's costs and doesn't account for inflation or charges in annual earnings. Review your needs periodically - even annually - to ensure that your needs will be met now and in the future.

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Why do I need life insurance?  (article with video)

Life insurance isn’t as complicated or expensive as people think. Here are five excellent reasons to buy life insurance now and stop procrastinating.

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How do I purchase life insurance?

Our insurance products can be purchased through a financial professional or may be offered through your employer, financial institution or association.

This calculator is for informational purposes only. Securian Financial and its subsidiaries will not be liable for any inaccuracies in the information calculated, and are not responsible for any decisions or actions taken as a result of the information provided.

Life insurance products contain charges, such as Cost of Insurance Charge, Cash Extra Charge, and Additional Agreements Charge (which we refer to as mortality charges), and Premium Charge, Monthly Policy Charge, Policy Issue Charge, Transaction Charge, Index Segment Charge, and Surrender Charge (which we refer to as expense charges). These charges may increase over time, and these policies may contain restrictions, such as surrender periods. Policyholders could lose money in these products.

DOFU 8-2023