Life Insurance Needs Calculator

As you shop for life insurance, this tool can help you determine how much you and your family may need.

What information you'll need

To use this calculator, you will need some basic information about your financial situation, such as income, debt, monthly bills, assets and current life insurance coverage (if any).

Who's the estimate for?

Please select whether the needs estimate is just for you, or for you and your spouse.

State license information


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 also intended for illustrative purposes only and accuracy is not guaranteed. Banc of America Insurance Services and its affiliates are not tax or legal advisers. 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 offered by Banc of America Insurance Services, 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 caluclator. Please consult with qualified professionals to discuss your situation.

Investment products offered through Banc of America Investment Services, Inc.® (“BAI”), annuities offered through BAI and its subsidiaries, and 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):

• 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

Investing in securities involves risks, and there is always the potential of losing money when you invest in securities. Banc of America Investment Services, Inc. is a registered broker-dealer and member FINRA and SIPC. BAI, BANA and BAISI are licensed insurance agencies. BAI and BAISI are nonbank subsidiaries of Bank of America, N.A.