Term Life: How much do I need?

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How Much Term Life Insurance

The answer depends on your personal financial circumstances. Use the form below to help you determine the insurance amount that might be right for your family.

Download the
Needs Calculator

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

Needs

Your Family's Immediate Expenses and Special Needs
Final Expenses Tool Tip
$
Debts Tool Tip
$
Education Fund Tool Tip
$

Your Family's Monthly Income Needs
Housing Expenses Tool Tip
$ /mo
Living Expenses Tool Tip
$ /mo

Assets

The Value of Your Estate
Your Current Life Insurance Coverage Tool Tip
$
Your Investments Tool Tip
$

Additional Monthly Income for Your Family
Your Spouse's Net Income Tool Tip
$ /mo
Other Income Tool Tip
$ /mo

Term

Years of Protection for Your Family Tool Tip
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Individual circumstances may vary. You may wish to contact one of Manulife’s licensed insurance advisors or your licensed insurance agent if you need advice about your insurance needs.

Engineers Canada-sponsored insurance plans are underwritten by The Manufacturers Life Insurance Company (Manulife).