Assess Your Life Insurance Needs This calculator estimates how much life insurance you would need to meet your family's needs if you were to die prematurely. You are viewing this website at a small screen resolution which doesn't support calculators. Click here to view this calculator. Have A Question About This Topic? Name Email Address Message Thank you! Oops! Related Content When Life Insurance Becomes Taxable Life insurance proceeds are generally tax-free. But not in all cases. Is Term Life Insurance for You? Term insurance is the simplest form of life insurance. Here's how it works. Making Your Tax Bracket Work Have you explored all your options when it comes to managing your taxable income?