Peerless Financial · Needs analysis

How much coverage do you need?

Pick a calculator, change the numbers to match your situation, and see your estimate update as you type. The figures shown to start are an example family.

Debts and cash needed at death

Mortgage or rent fundBalance owing, incl. penalties and legal fees

Loans and other debtsCredit cards, car, personal and tuition loans

Final expensesFuneral, taxes, probate, legal and accounting fees

Other cash needsEmergency reserve, medical, gifts or bequests

Children

Number of children

Education cost per child, per year

Years of school per child

Child or home care per child, per year

Years of care needed

Income your family would need

Net yearly incomeAfter-tax income you bring home

Share your family would need

For how many years

Interest earned on the payout

Inflation

Leave interest and inflation at 0% for a simple estimate.

What your family could use

SavingsBank accounts, GICs, cash

RRSPs, TFSAs and other investments

Real estate you’d sellLeave your home out if your family will live in it

Life insurance you already haveThrough work and personal policies

Business or other assets

These calculators give general estimates for planning only. They are not financial, tax or insurance advice, and they are not an offer of coverage. Your actual needs, eligibility and premiums depend on your health, finances and the insurer’s underwriting.