Life Insurance Needs Calculator

Life Insurance Needs Calculator

Life Insurance Needs Calculator

Calculate your life insurance needs in 3 easy steps

Disclaimer: This calculator provides an estimate based on the information you provide. The illustrated insurance coverage is subject to medical and financial underwriting. Please consult with a qualified insurance advisor to determine the appropriate coverage for your specific situation. Your insurance needs should be reviewed regularly to ensure your financial goals continue to be met.

It's as Easy as ABC

A (Current Debts & Needs) + B (Future Needs) C (Current Assets) = Life Insurance Needs
A Identify Your Current Debts and Financial Needs
Total outstanding balance on all mortgages
All other outstanding loan balances you want paid off
Estimated costs including burial, probate fees (~$15,000 typical)
Section A Total:
$0
B Determine Your Future Financial Needs
Suggested: 6 months of monthly income
Total childcare costs until children are independent
Estimated at $18,000 per year per child
Section B Total:
$0
C Deduct Your Assets and Financial Resources
Stocks, bonds, mutual funds
Investment properties (not primary residence)
Loans already covered by insurance
Current life insurance coverage
Section C Total:
$0

Your Life Insurance Needs

$0

This is the recommended amount of life insurance coverage to protect your loved ones.

Disclosure

All quotes, products, and services are marketed and distributed by Red Helm Canada, an independent brokerage. Review our brokerage disclosure to find out more about who we are. While all effort is made to ensure accuracy, rates and plan details may be subject to review or change without prior notice. Rates are not guaranteed until final approval and confirmation from the insurance carrier.  Plan eligibility is not guaranteed and may be subject to a medical questionnaire or other eligibility criteria. By submitting your information in our quote request form, you are accepting the terms and conditions of our website and are accepting that we communicate with you electronically for the purpose of solicitation.

Subscribe for Promotions

QUICK CONTACT

Toll Free: 1.866.230.5565
Local: 613.704.6160

inf[email protected]
Fax: 613.702.5579
RedHelm.ca

300-116 Albert Street
Ottawa, Ontario, Canada
K1P 5G3

Copyright © Red Helm Insurance Ltd  2019.  All Right Reserved