Free tools
Insurance Calculators
Two quick tools to help you understand how much coverage you need — and which type fits your situation best.
How Much Coverage Do You Need?
Answer a few questions about your income, debts, and family situation to get a personalized coverage estimate.
Annual household income$75K
Years of income to replace20 yrs
Mortgage balance$250K
Other debts (car loans, credit cards, etc.)$20K
Number of children2
College savings per child$50K
−Existing savings & investments$30K
−Existing life insurance coverage$0
Estimated coverage needed
$1.8M
Based on your inputs. Actual needs may vary.
Get a personalized quoteThis is an estimate, not a guarantee. Speak with Joanne for a precise recommendation.
Term vs. Whole Life: Side-by-Side
See how the two most common policy types compare based on your age and coverage amount.
Your age35 yrs
Coverage amount$500K
Term Life Affordable protection for a set period | Whole Life Permanent coverage that builds cash value | |
|---|---|---|
| Coverage duration | Fixed term (10–30 yrs) | Lifetime |
| Monthly premium | ~$1/mo | ~$4/mo |
| Death benefit | Guaranteed if in-term | Guaranteed (lifetime) |
| Cash value | None | Grows over time |
| Premium changes | Fixed for term | Fixed for life |
| Best for | Income replacement, mortgage, young families | Estate planning, lifelong dependents, legacy |
Premium estimates are approximate for a healthy non-smoker. Actual rates depend on health history and insurer.
Ready to find the right coverage?
These estimates are a great starting point. Joanne can walk you through the details and find the best policy for your family.
Schedule a free consultation