Manulife Financial

How Much Term Life Insurance
Do You Need?
The question we're most often asked about life insurance is "How much do I need?" That's why we offer you this easy worksheet as a guide. Use it to determine how much life insurance you may want for your peace of mind in just a few moments.

(NOTE: Please do not enter commas or decimals in numeric fields.)


Your Family's Immediate Expenses and Special Needs
Final Expenses
How much will it cost for your funeral?
How much of your debts will be paid by your estate, including your mortgage, loans, credit cards, taxes. Don't forget the legal and accounting fees to settle your estate!
Education Fund
How much will it cost for your children to attend university?

Your Family's Monthly Income Needs
Housing Expenses
To stay in their home, how much will your family need for rent, property tax, utilities, maintenance, household furnishings and supplies?
$ /mo
Living Expenses
How much will your family need for food, clothing, childcare, telephone, car expenses and other routine expenses of living?
$ /mo


The Value of Your Estate
Your Current Life Insurance Coverage
How much other life insurance do you have?
Your Investments
How much cash will be available to pay your debts and expenses from your savings, real estate, RRSPs and other investments, including mutual funds, stocks, bonds, GICs and CSBs?

Additional Monthly Income for Your Family
Your Spouse's Net Income
How much money (after taxes) will your spouse be earning?
$ /mo
Other Income
How much money from other sources will be available to your family?
$ /mo


Years of Protection for Your Family
For how many years would you like to provide an income for your loved ones?

Please note that you require an SSL-compliant browser to use this page. Refer to Secure Browser standards for details.