Life insurance calculator: How much coverage do you need?

Life insurance aims to offer financial assistance to your family members once you're no longer alive. If you're unsure about the appropriate amount of life insurance required, employing a calculator could be beneficial. Utilizing Bankrate's life insurance calculator allows you to focus on the key factors influencing the ideal coverage amount you should consider purchasing. Our comprehensive guide will lead you through the process of using the calculator and locating the most suitable life insurance rates for your specific circumstances. Although a calculator can provide estimates for coverage levels and costs, it is advisable to collaborate with a licensed agent or financial planner to guarantee that your chosen coverage aligns perfectly with your individual needs.