Life Insurance
Financial Needs Analysis Calculator
Discover the coverage amount that truly protects your family's financial future - in just few minutes.
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About You
A few quick details to personalise your coverage estimate
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yrs old
Select your date of birth
Spouse, children, or others who rely on your income
Smoking status affects life insurance premiums
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Income & Existing Assets
Your income sources and existing resources help offset coverage needs
Why this matters: Existing savings, investments, and insurance policies reduce the additional coverage you need.
Income
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Existing Assets
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$
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Debts & Liabilities
Outstanding obligations your family would inherit — these need to be covered
Mortgage & Real Estate
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Personal Debts
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Final & Immediate Expenses
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Canadian average: $10,000 – $20,000
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Future & Ongoing Needs
Long-term obligations and your family's ongoing living requirements
Education Planning
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Canadian post-secondary: $55,000–$100,000 per child
Income Replacement
Income Replacement: How many years should your income continue for your family after you're gone? A common approach is to cover until your youngest child is financially independent, or until your spouse reaches retirement.
%
Typically 70–80% of current income
Survivor Income & Benefits
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$
Positive = will earn more; negative = will earn less
Retirement & Other
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Your Coverage Recommendation
Based on your personalized needs analysis
Recommended Coverage
$0
Based on your needs analysis
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Total Needs
$0
Total Assets / Coverage
$0
Coverage Gap
$0
Income Replacement
$0
Detailed Breakdown
| Category | Amount |
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This calculator provides an estimate for educational purposes only. Results are not a substitute for personalized professional advice. Coverage needs vary by individual circumstances. Please consult a licensed insurance advisor for a comprehensive analysis.
Your Results
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Recommended Coverage
$0
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