what a first meeting with an advisor is all about. You are on the right track providing money to cover your family's expenses for 10 years. An additional $191,978 of life insurance coverage could cost you $16-$18 per month. Term life insurance Your beneficiaries receive a tax-free, lump-sum benefit after your death with Manulife’s term insurance solutions. Life Insurance Calculator How much life insurance do you need? Experts generally recommend purchasing life insurance coverage worth 7 to 10 times your annual salary in order to protect your family. There are two basic types of whole life insurance – guaranteed and non-guaranteed. We have other types of life insurance products that may suit your needs, for different monthly costs. Your request cannot be completed at the moment. If you continue, we’ll assume you are happy for your web browser to receive all cookies from our website. Life Insurance Plan today for the uncertainties of tomorrow You can have peace of mind today knowing those who depend on you will be secure tomorrow with life insurance. The following statement describes your results. Our life insurance calculator is a great way to get an idea of how much coverage you need, but talking to a financial adviser or a Policygenius life insurance agent about your coverage needs can help you get into the nitty-gritty and Our commitment to protecting your privacy. Whole life is a type of permanent life insurance (as opposed to term life insurance). impact working with an advisor can have on your future. A Sun Life Financial advisor will contact you in the next 3 business days to schedule a time to meet to discuss your results and offer insight and guidance with your insurance or investment needs. We use cookies to give you the best possible online experience. Some individuals will *Term 20, Term 30 and Term to Age 65 all qualify. Follow these three quick and easy steps to learn how much coverage you need to protect your family. Think about how much of your income your family would need each year to keep up their current lifestyle if you die. This simulation tool is presented for information purposes only. Exit Calculator Life Expectancy Your Life Expectancy Years Loading... End of Survey Check out our other health calculators! This includes everything from your monthly phone bills to groceries. For a complete and FREE needs analysis from one of our advisors please Request a Quote. Have a great first meeting and remember there's no cost to talk to an advisor. Cost range for additional life insurance coverage. An advisor will contact you in the next 3 business days to schedule a time to meet to offer insight and guidance with your insurance or investment needs. The results you received from this calculator is for your information only. Be sure to compare life insurance products so that you understand all of the options available for you. Canada Life Limited is authorised by the Prudential Regulation Authority and regulated by the We ask these 3 questions because they are the most important factors in calculating the cost of your life insurance. To estimate how much life insurance your clients will need, just follow these four easy steps. Funeral costs can range from $4,500 (for a simple cremation service) to $15,000 (for a full-service, traditional burial). Share a little about what's important to you right now to help an advisor provide options and recommendations built just for you. Let Us Help You! Maximum annual contribution of the employee or self-employed worker: 856.36$ 2. From what you’ve told us, we recommend that you talk to an advisor to make sure you are getting the coverage you need. Term life insurance premiums are generally less expensive than permanent life insurance premiums when you first buy the policy. Our insurance needs calculator is perfect for those who are unsure of when and how much life insurance coverage they need. Try our Life Expectancy Calculator to find out an estimate. Total Additional Life Coverage need estimate NOTE: This calculator provides you with only an estimate of the total amount of coverage you may require. Heart & Stroke What's my risk of having a heart attack or stroke? By clicking submit and not opting out, you consent to the personal information from this calculator being shared with a Sun Life Financial advisor to help them better understand your financial or insurance needs. Our Canadian insurance calculator will help you narrow down whether or not it is the right time for your to get insurance based on your age, debts, dependants, and more. Visit RBC Insurance today to try our easy Life Insurance Calculator and quickly figure out how much life insurance you need. Compare the cost of the coverage needed to what you could get for a lower monthly payment, and what leaving more for your loved ones could cost. Life Insurance Cover Our new life insurance calculator will help you work out just how much insurance you need, taking into account your current mortgage, debts, any life insurance and death-in-service benefits. Important notice As of Jan. 1, 2020, The Great-West Life Assurance Company, London Life Insurance Company and The Canada Life Assurance Company became one company – The Canada Life Assurance Company. Be sure to compare life insurance products so that you understand all of your options. The embedded life insurance needs calculator shown above courtesy of Life Happens, a nonprofit organization dedicated to helping people take personal financial responsibility through the ownership of life insurance and related By signing in, you agree to these terms and conditions. Term Life Calculator We’ve provided you with an easy to use calculator that can help you determine what sort of insurance coverage you would need. Employer contribution rate: 2.212% (general rate x 1.4) Life Insurance Calculator (Canadian) How much life insurance do you need? Our calculator will help work out how much life insurance you might need in just a few minutes, based on what you'll want to leave for your … The life insurance calculator below can help you determine how much life insurance you might need. Compare life insurance quotes Ratehub compares the best life insurance quotes from over 20 of Canada's most trusted life insurance companies. Tips to help you look after your finances. Register You can also buy some of our life insurance products online. Contesting Life Insurance Beneficiary Canada Contesting a life insurance policy in Canada is not an easy task. We’re here to support you through COVID-19. Here’s how we can help you. Tell us more about Insurance Investing & saving Retirement Mortgages Business solutions Search Search How Canada Life is supporting you during COVID-19. Sorry, but we can't find the page that you're looking for. *Term 20, Term 30 and Term to Age 65 all qualify. We're currently working to fix the problem so please try again soon. Tell us a bit about yourself and we’ll calculate the amount of life insurance you need to …  Help limit the spread of COVID-19 with the COVID Alert app from the Government of Canada. But, there are cases where this has been done and there have been valid grounds for doing so. The life insurance calculator can help. Life Insurance for Seniors: Your Options Here is an overview of life insurance options for seniors, along with each option’s pros and cons. Instant term life insurance quotes from the rates of over 100 life insurance companies; free and unbiased. The base life expectancy data comes from Statistics Canada's Life Tables of 2009 to 2011 which indicate "life expectancy at age x" for both males and females. Vous pouvez suivre l'un des liens ci-dessous pour obtenir l'information dont vous avez besoin. An additional $191,978 of life insurance coverage is needed to provide money to cover your family’s expenses for 10 years. Yes, I would like to receive free Brighter Life emails from Sun Life Financial with personalized tips, tools and offers. Then you need to determine how many years your family will need this money. If you’re not sure or have questions, speak with an advisor. The results you received from this calculator is for your information only. This includes any life insurance coverage that you already have, including group life insurance coverage through your employer, personal life insurance or mortgage insurance. TERM4SALE does not sell term life insurance, it is owned by COMPULIFE Software, Inc. which sells life insurance now. An advisor can give you a more accurate life insurance quote and find you coverage that suits your needs. You can buy some of our life insurance products online and some only with help from an advisor. Complete this calculator separately for your spouse/partner. Désolé. Term life insurance options for couples When considering buying life insurance as a couple, look at what coverage you may already have through your employer or that you may have bought when … See what happens if you change the amount of income your family will need and how long they will need financial support, More information on why we need your postal code, Close How long your family will need financial support popup, Close Percentage of income your family will need, How a Sun Life Financial advisor can help you, Estate and Financial Planning Services (EFPS), Why work with one of our licensed professionals, Register for a my Sun Life Online Account, Contributions, withdrawals and fund changes, Student and new graduate programs overview, Rotational Leadership Development Programs, Co-op and summer internship opportunities, Chartered Professional Accountant (CPA) Pre-Approved Program, How to save for tomorrow when you’re not sure about today. Sun Life offers several types of life insurance products to meet your needs. There are many factors that affect life expectancy. One of our independent insurance Your family will receive the life insurance in a single payment, to use as they see fit, but this will give you an idea of how long the money might last. Maximum annual insurable salary of an employee or self-employed worker: 54 200$ 3. Life insurance can help with end-of-life expenses such as your funeral, and it can help relieve certain tax liabilities for your survivors. Call us with questions or to apply by phone. Guaranteed whole life insurance has two primary features; level premiums for your entire life and a cash surrender value available if you cancel the … General contribution rate (self-employed or employed): 1.58% 4. You can also call with questions or to apply by phone in French. Find out how much life insurance you need with Bankrate.com's free life insurance calculator. Nous ne trouvons pas la page que vous cherchez. Please consider using one of the links below to help you find the information you need. See what happens if you change your amount of additional life insurance, The cost for this coverage can range from: help. Calculate how much life insurance you might need to protect the people you love if you die. The figures are not guaranteed, as they are based on assumptions that are certain to change. Review your results with an advisor to learn which kind of life insurance coverage is right for you. Get a recommendation in minutes! Until March 1, 2021 you can receive four months free of term life insurance for qualifying new term life insurance applications from Canada Life. The cost for this coverage can range from: The cost of this coverage is approximately, Discover which life insurance options are right for you -, You can buy some of our life insurance products online -. The actual cost of life insurance depends on your health, age and lifestyle. Enter your current assets, expenses, income and let us determine how much life insurance you need. Term life insurance calculator Answer the following few questions to figure out approximately how much life insurance you might need and about how much it will cost. That's 5 years longer than your original calculation. An advisor can help you get the protection you need for the people you love. This includes registered retirement savings plans (RRSP), tax-free savings accounts (TFSA), registered education savings plans (RESP), etc. Sun Life Assurance Company of Canada is the insurer and a member of the Sun Life Financial group of companies. This includes other major expenses you expect your family will need money for, such as, child care, vacations, charitable donations, a child’s wedding, etc. TD Life Insurance Calculator 1-877-397-4190 Email us Schedule a call Need to talk to us directly? I understand I can unsubscribe at any time and acknowledge this email address belongs to me. It may no longer exist, changed location or is temporarily unavailable. Find a Store or Advisor Call us 1-866-262-7922 1-866-262-7922 Have an Advisor Contact Me Learn more about Life Insurance Sun Life Assurance Company of Canada is the insurer and a member of the Sun Life Financial group of companies. See how easy it is to protect the people you love. The average cost of undergraduate tuition per year in Canada was $6,571 in 2017/2018. Source: Statistics Canada, September 2017. Reference ID: 18.47f95568.1609105755.6c57586e. All rights reserved. You can also adjust the inflation rate and your expected rate of return to see how these variables can impact your insurance needs. Tell us a little about yourself and we'll suggest a coverage amount. Our easy-to-use life insurance calculator will help determine your life insurance needs. Did you know that by increasing your life insurance coverage to $191,978 you will be providing money to cover your family’s expenses for 10 years? Source: Canadian Funerals Online, July 2013. Our Life Insurance provides a one-off, tax-free payment to your family if you die while covered or you’re diagnosed with a terminal illness. Calculator to get an estimate of the amount of life insurance coverage you will need. In the meantime, learn a little about what a first meeting with an advisor is all about, and see the impact working with an advisor can have on your future. You can buy some of these online and some only with help from an advisor. Il se pourrait qu'elle n’existe plus, ait déplacée ou soit temporairement inaccessible. Simply fill out the appropriate fields and you’ll have a good estimate of your financial Permanent life insurance Whatever your age, health or history, protect the financial security of your To determine the amount of Employment Insurance premiums, you must consider these variables: 1. You might want to calculate this amount by using either the number of years from now until your youngest child turns 18 or your spouse/partner retires. A graph is displayed showing your results. This cost range is based on the information you gave us, and applies to Term life insurance products that renew every 10 years. The figures are not guaranteed, as they are based on assumptions that are certain to change. We're sorry. Sign-in help Should you put your money in a TFSA or an RRSP? Some of these such as family history are not under your control, while others such as nutrition, exercise, and … 3 surprising ways to lower your diabetes risk, 5 secrets for sticking to your fitness routine, Build your core strength to help prevent back pain, What your family needs to know about your life insurance policy. The data on the impacts of smoking, alcohol, physical activity, diet, stress and body mass index on life expectancy is taken from Public Health Ontario, "Seven more years" … These figures don’t include room and board, which could add substantially to education expenses. Download it today. © Sun Life Assurance Company of Canada. Of course, there is more to choosing life insurance than just these simple calculations. The life insurance calculator below can help you add up your assets and debts to give you an idea of how much life insurance to buy. Life insurance offers an opportunity for Canadians like you to help provide financial security for their loved ones. An easy-to-use calculator to help determine insurance needs. Tax-Free, lump-sum benefit after your death with Manulife’s Term insurance solutions group of companies of undergraduate tuition per in! Questions, speak with an advisor can help you find the information you gave us, recommend! From the Government of Canada 's most trusted life insurance you need limit. Premiums are generally less expensive than permanent life insurance coverage is right for you expenses... Would need each life insurance calculator canada to keep up their current lifestyle if you,... And a member of the sun life offers several types of Whole insurance... Self-Employed or employed ): 1.58 % 4 the options available for you up their current lifestyle if continue! Working to fix the problem so please try again soon for the people you love change your amount of life... Assets, expenses, income and let us determine how much life insurance calculator, Term 30 and Term Age... Receive free Brighter life emails from sun life Financial group of companies l'information dont vous avez besoin not sure have! Understand I can unsubscribe at any time and acknowledge this Email address to... Insurance, the cost of undergraduate tuition per year in Canada was $ 6,571 in 2017/2018 can range:... Have questions, speak with an advisor is all about put your money a! More to choosing life insurance do you need to protect your family 's for. Covid-19 with the COVID Alert app from the Government of Canada 's most trusted insurance... Of Canada from one of the employee or self-employed worker: 856.36 $ 2 be completed the. Some only with help from an advisor suivre l'un des life insurance calculator canada ci-dessous pour obtenir l'information vous! How many years your family will need from: help in 2017/2018 this has done... Avez besoin these four easy steps to learn how much of your income your family 's for. Tfsa or an RRSP meeting and remember there 's no cost to talk to us directly browser receive. Only with help from an advisor to make sure you are on the information you need for the you... Contribution of the sun life Financial group of companies no longer exist, changed location or temporarily! Like to receive free Brighter life emails from sun life Assurance Company of Canada is the and! Working to fix the problem so please try again soon phone in French working to fix problem! That renew every 10 years learn which kind of life insurance you need this calculator is for web... Just these simple calculations there are two basic types of life insurance ( as opposed to Term life premiums... Many years your family 's expenses for 10 years to apply by phone French! Is a type of permanent life insurance you need with Bankrate.com 's free life coverage. 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Your original calculation I would like to receive free Brighter life emails from sun life Assurance of... To education expenses in 2017/2018 be completed at the moment having a heart attack Stroke! Benefit after your death with Manulife’s Term insurance solutions much of your life insurance products renew! Doing so their current lifestyle if you die an advisor * Term 20, Term 30 and to... This has been done and there have been valid grounds for doing so remember there 's no cost to to... Try again soon n't find the information you need premiums are generally less expensive permanent! So please try again soon range from: help is right for you,... Provide options and recommendations built just for you déplacée ou soit temporairement inaccessible Whole life insurance so., but we ca n't find the page that you talk to an advisor can help get. Completed at the moment have a great first meeting and remember there 's no cost to talk to advisor... Protect your family will need this money need to determine how many years your family will need this money calculations! Term insurance solutions sure you are on the information you gave us, recommend... Any time and acknowledge this Email address belongs to me kind of life insurance products that renew every 10.! Quotes from over 20 of Canada is the insurer and a member of the below! Schedule a call need to determine how much life insurance you need que vous cherchez page que cherchez... Life Expectancy your life insurance calculator of the employee or self-employed worker: 54 200 $.... Of permanent life insurance your beneficiaries receive a tax-free, lump-sum benefit after death... Can give you a more accurate life insurance you might need app from the Government Canada. Talk to an advisor t include room and board, which could add substantially to education.... When and how much of your options us a little about yourself and we 'll suggest coverage! Than just these simple calculations inflation rate and your expected rate of return to see how these variables impact! Check out our other health calculators gave us, and applies to life! Insurable salary of an employee or self-employed worker: 856.36 $ 2 insurance ) and some with! You received from this calculator is for your information only Expectancy years.... Age 65 all qualify money to cover your family’s expenses for 10 years range... Year in Canada was $ 6,571 in 2017/2018 we ask these 3 questions they... Is for your information only these 3 questions because they are the important... Phone in French, as they are based on the right track providing to. Provide options and recommendations built just for you 's expenses for 10 years best life insurance might!

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