Life Insurance Calculator Life Insurance Calculatorclose window

Find out how much coverage you may need with our easy-to-use Life Insurance Calculator. Go to the different categories and enter information specific to your situation to get a customized estimate.

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This is the About You section

These estimates are for:

Age

Retirement age

This is the Assets section

Existing life insurance

Savings, investments available to useGet help

This is the Income section

Annual gross incomeGet help

Income replacement percentageGet help

Other annual incomeGet help

This is the Expenses section

Outstanding mortgageGet help

Outstanding debtGet help

Estimated funeral and burial expenses

  • Existing Coverage

  • Additional Coverage Needed

  • Existing Coverage

  • Additional Coverage Needed

You

 
$

Your spouse

 
$

Total household expenses

$
$

This calculator is provided by a third-party service provider. The figures entered on the input page of this calculator are for hypothetical purposes only. You should enter figures that are appropriate to your individual situation. The results provided by this calculator are intended for illustrative purposes only and accuracy is not guaranteed. This calculator is not intended to offer any tax, legal, financial or investment advice and does not assure the availability of or your eligibility for any specific product through Bank of America, N.A., its affiliates or any other institution, nor does this calculator predict or guarantee the actual results of any investment product. The terms and conditions of products offered by institutions will differ and may affect the results of the calculator. Please consult with qualified professionals to discuss your situation.
Insurance products offered through Bank of America, N.A. (BANA) and/or Banc of America Insurance Services, Inc. (“BAISI”) (doing business in New York as Banc of America Insurance Agency), licensed insurance agencies and:

  • Are Not FDIC Insured
  • Are Not Bank Guaranteed
  • May Lose Value
  • Are Not Deposits
  • Are Not Insured by Any Federal Government Agency
  • Are Not a Condition to Any Banking Service or Activity

BANA and/or BAISI is compensated as an agency for the services it provides to customers on behalf of insurance companies, such compensation may include commissions and other performance based compensation.