• Do I need term life insurance if I am divorced or a single parent?
• Can term life insurance protect my children's college education?
• Will term life insurance pay the mortgage or credit card debts after my death?

These are all good questions to ask yourself as we help you figure out how much term life insurance you will need to take care of your family if you are no longer there. Whether you are part of a two-income family, or if you are the sole income earner, your family members depend on your income to maintain their standard of living.

So, the real question is how much term life insurance do you need?
Simply put, you need enough to protect your families' loss of income if you die. When calculating the amount of term life insurance that you need, you should consider the immediate needs of your family upon your death, as well as their long term income needs.

Some of the immediate needs might include funeral expenses, final medical expenses, repaying short-term loans (credit cards, auto loans), and perhaps paying off your mortgage. Longer term needs include replacing lost income to support your family until your children are grown or to pay for their college. Life insurance can also protect your retirement.

If you're a single parent you might be your children's sole provider and you have even more reason to protect their future. Money can't replace a mother or a father. Even if you have someone to care for your children, if you are not there, they will likely need the financial security that term life insurance can provide. So, how much will it take to take care of your families' special needs? Let our Insurance Needs Calculator help you figure it out.

Click to start your life insurance calculations!