Life Insurance News & Resources

Your Online Life Insurance resource


This tool will help you find out roughly how much life insurance you'll need to have in order to ensure that your family is covered in the event of your death.

Please take a few minutes to answer the following questions.

Cost of your funeral arrangements:


Total amount owing on your mortgage:  
Total amount of your outstanding debts:  
Estimate the total of your children's future education (Include tuition, books, and residence fees):  

How much income would your family need every month if you passed away?


How many years would your family need to rely on this monthly insurance income?  

What is the total value of your investments including all savings, retirement funds, RRSPs, stocks, bonds or other holdings?


What is the total value of your existing life insurance policies including any group coverage through work?  
Estimated inflation rate (in %):  
After-tax investment yield (in %):  

Note: You can change the inflation rate and after tax investment yield to see how different rates will affect your coverage estimate.

        
  The Rates.ca Life Insurance Needs Calculator is a tool designed to give you an estimate of how much life insurance you'll need to ensure that your family is covered in the event of your death. Please keep in mind that this calculator should not be considered as a replacement for consultation with a qualified insurance professional.