Life Insurance Calculator

To estimate how much life insurance you need, just follow these three easy steps.

calculator icon

Life Insurance Calculator

Use our life insurance calculator to help determine the amount of life insurance coverage necessary to protect your family in the event of your death. This quote is based upon the following criteria:

  1. The amount of funds required by your loved ones to help cover any final expenses or outstanding debts
  2. The funds needed to help maintain their standard of living
  3. Your amount of current savings, assets, and any existing insurance coverage

Once you have used our life insurance calculator to help determine how much life insurance coverage that you need to protect your loved ones, use our Quick Quote tool to learn which insurance plans can meet your needs.

Learn more about our life insurance plans to see what other coverage options and benefits are available to you and your family.

Final expenses(to pay for funeral, taxes, etc. ($5,000–$20,000)$Final Expenses: A funeral can cost anywhere from $5,000 to $20,000 or more, depending on whether you plan for cremation or burial and how expensive your choices are (coffin, location, etc.). In addition, you should consider expenses such as probate fees, final income taxes, legal and accounting fees and executor fees, if any.x

Mortgage (to pay off the outstanding balance) $Mortgage: What is the outstanding balance of your mortgage? If in doubt, you might use the original principal amount as a conservative estimate or use an amount that you would like to pay off.x

Personal loans (to pay off loans, credit cards, etc.) $Personal Loans: Consider any bank loans, car loans, loans from credit unions or other financial institutions, credit card outstanding balances, loans from friends, etc.x

Emergency funds (3-6 months’ salary) $Emergency funds: Most experts recommend at least 3 to 6 months of salary as a reasonable amount for an emergency fund to cover unexpected expenses and tide your family over.x

Children’s education fund ($10,000-$25,000 per year, per child)$Children’s Education Fund: The amount you set aside for your children’s education depends on many factors including: • Are you considering private school or public school? If private school, consider tuition and room and board if appropriate • For post-secondary education, average costs range from $5,000 to over $25,000 per year • College is typically 2 to 3 years • University is typically 3 to 4 years plus graduate school • Average tuition is $6,838 (Stats Can 2018/19) • Books and supplies are typically $800 to $1,000 (Financial Consumer Agency of Canada 2018/19) • Additional compulsory fees such as athletics and student health services cost an average of $921 (Stats Can 2018/19) • Accommodation, food and transportation can cost $10,000 to $15,000 per year. x

Your Insurance Results



00Contact Us

If your analysis indicates a shortage, life insurance may be the ideal solution to address it.

Ages 18-80 years can apply.*

Date of Birth
Coverage Amount$
* For Life Insurance, up to age 80 years can apply. Non-residents must have a valid work or study permit. For Critical Illness Insurance, up to age 65 years can apply. Non-residents must have a valid work permit.
Payment Preference
Within the past 12 months, have you used by any means, a substance or product containing tobacco or nicotine (excluding cigars), or have you smoked (including electronic vaporizer or “vaping”) marijuana more than six times per week?[1]
[1] Our best rates may require 24 months of


CloseContact Us

Plan Description

Coverage Amount ($)

Premium As Low As ($)

Term Life Insurance

Permanent Life Insurance

Critical Illness Insurance

The minimum premium amounts accepted are $15 a month or $150 a year. The minimum coverage is $25,000 on Quick Quote. If you require coverage below this amount, please contact us and a quote will be provided.

If the coverage amount exceeds the maximum coverage allowed, Quick Quote will show the premium at the maximum coverage amount.

Quotes are for our most competitive plan. Your actual premium will be based on the plan selected for which you qualify.
1 Step 1
FormCraft - WordPress form builder
calculator icon
Insurance Calculator

How much life insurance coverage do I need?

clock icon
Quick quote

Compare our rates with similar plans and benefits.

phone icon
Call us today!

Send us an email or call us for a no obligation quote toll-free at 1-877-851-9090