Calculate Your Life Insurance Needs

Life Insurance Needs
Existing Coverage
Assets & Income
Liabilities & Expenses
Coverage Needed
Life Insurance Needed
Current Insurance Insurance Needed
Insurance Amounts
Itemized Investments
Investment Category Amount
Total Investments

Itemized Non-Income Assets
Non-Income Asset Category Amount
Total Non-Income Assets

Itemized Monthly Expenses
Monthly Expense Category Amount
Total Monthly Expenses

Itemized Liabilities
Liability Category Amount
Total liabilities

Itemized Death Expenses
Death Expense Category Amount
Total Death Expenses


The purpose of life insurance is to replace your income at the time of your death so that the family you are leaving behind can maintain their current lifestyle. How much you need is best decided by working with a qualified financial planner. Things to analyze include your current assets, savings and investments and how much earning power will be available for supporting your family in your absence. Compare that amount to your anticipated liabilities and expenses. Moreover, don't forget to include items such as college tuition for your children or paying off your mortgage, in addition to your standard living expenses.

Email Your Inputs & Results

This calculator is intended for informational purposes only and is considered an estimate. The accuracy of this calculator is not guaranteed by General Electric Credit Union (GECU). The calculator and its results do not constitute the advice of, or reflect actual products, services, rates, and/or terms available. Nothing contained in the calculator shall constitute an offer or solicitation of a product or service by GECU. This calculator is not intended to offer any tax, legal, financial, or investment advice. Please consult with qualified advisors to discuss your specific needs.