While you search for good (or better) life insurance, calculator technology can help you be more specific in terms of knowing exactly what coverage you need and what plans you can afford. We've looked around and found a few of the best life insurance calculators on the Web. We want to tell you about each of the calculators we've found and we'll also provide links to them so you can use this page as a resource to find fast calculations for your life insurance coverage needs.
First, InsWeb has a simple life calculator that asks you about your immediate and long term needs as well as your current assets. The calculator then returns suggested amounts the amount of life insurance you may need, your total current assets and the shortfall you may face with your coverage. The InsWeb calculator page is secure and your information will not be publicized.
MetLife also has a good "Human Life Value" calculator. Besides being one of the largest life insurance providers, MetLife has a user-friendly website and a helpful insurance calculator. This calculator is even more simple than InsWeb's. The number you see as a result of the calculations will probably be significantly higher than the number you get at InsWeb, but that's because MetLife is telling you what the total insurance needs over your lifetime will be for your loved ones if you die at a particular time.
Finally, look at New York Life's planning tools page. There are several life calculators and online assessment tools here to help you choose the insurance levels you want.
Remember that a life calculator should never be your only insurance resource. We suggest that you use insurance calculators to a certain extent and then speak with human agents who can help you better fine-tune your financial decisions regarding life insurance.