Life Insurance Calculator Script
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If you have a family that depends on your income, then you need life insurance. How much exactly? Truth be told, many of us have too much life insurance thanks to fast-talking sales reps.
We'll help you figure out how much you really need. Most people want enough life insurance to ensure that their family can continue to live their current lifestyle even if the breadwinner dies. To calculate exactly what this amount would be, we take into account the annual expenses of your spouse and your children, as well as funeral costs.
If both you and your spouse work, you should each fill out a separate worksheet. You can also consider what kind of coverage your family members would need in the event that you and your spouse die within a short time of each other. Also, one number you'll need to fill out this sheet is a rough estimate of your annual expenses.
Life insurance worksheet
If you're looking to insure your vehicle or check out life insurance, NerdWallet has a collection of tools that can make your decision easier. Check them all out here:
Car insurance
Life insurance
Household insurance
Renters insurance
See what you can save on car insurance
Easily compare personalized rates and see how much switching car insurance can save you.
Average car insurance rate by state
Select your state and see what the average premium a driver pays for a car.
NerdWallet averaged rates for 40-year-old men and women for all zip codes in any of the 50 states and Washington, DC, where the insurer was one of the largest insurers (by premiums written). "Good drivers" had no moving violations and each insurer considered the insurance credit score to be "good"; a "good driving" discount has been included for this profile. The sample drivers had the following coverage limits:
$100,000 of personal injury liability coverage per person.
$300,000 personal injury liability coverage per accident.
$50,000 property damage liability coverage per accident.
$100,000 of uninsured motorist injuries per person.
$300,000 in uninsured motorist injuries per accident.
Collision coverage with $1,000 deductible.
Comprehensive coverage with $1,000 deductible.
In all cases, we used a 2016 Toyota Camry LE and assumed 12,000 miles per year. In all cases, the paperless discount, e-signature discount and electronic funds transfer discount were automatically applied. These are sample rates generated through Quadrant Information Services. Your own rates will vary.
Cheapest full car insurance by state
Enter your state and we'll show you the three cheapest car insurance options for good drivers.
Estimate your full auto insurance premium by zip code
Estimate your full vehicle insurance coverage by entering your postcode.
Estimate your minimum required car insurance premium by zip code
Get an estimate of your minimum required premium for coverage based on where you live.
Carpool insurance by state
Enter your state to find out which companies offer carpool insurance where you live.
List the minimum car insurance requirements
Enter your state and we'll show you the minimum required car insurance amounts.
Car insurance discount finder
Enter the discount you want and we'll tell you which insurance companies offer it. (Or enter an insurer and we'll list the discounts they offer.)
How credit affects your car insurance
Find out how your credit score affects your insurance rates, by state.
How Much Life Insurance Do You Need?
Answer these questions to approximate your overall coverage needs.
What type of life insurance should you buy?
Enter some details about your life and we'll tell you what type of insurance is best for you.
How health conditions affect your rates
Enter a condition and we'll tell you how it might affect your rates in your state.
How much income do you need to replace?
Here's how much money your family would need to replace your salary.
Calculate your debts
Calculate how much insurance coverage your family would need to cover your debts.
The cost of having a child
Just the basics or go deluxe? We have a calculation for that.
How Much Personal Property Coverage Do You Need?
Your belongings may be worth more than you think. Estimate its value and determine how much personal property coverage you need in your homeowners policy.
Estimate your home insurance by zip code
Find the average home insurance rate based on your location.
Cheapest renters insurance in every state
Enter your state and you'll see the three cheapest renters insurance companies there.
How much is your stuff worth?
Estimate the cost of your belongings and find out what personal property coverage you need in your renters policy.
If you have any doubts, Please let me know