Life Insurance Calculator

This simple calculator allows you to estimate your life insurance needs. Complete the following fields and click the Calculate button for results.

Annual Income needs of dependents:
(amount in excess of the amount provided by
Social Security and
Current Savings)
 for  years
Annual increase in income:  %
Annual return of investment:  %
Final Expenses:
(include funeral costs, probate fees, legal and accounting fees and tax liabilities)
Outstanding Mortgage:
Other loans and/or debts:
Existing Life Insurance Coverage:

Total lump sum needs at death: $
Present Value of income needs: $
Total capital needs at death: $
Need for additional life insurance: $
Nicoleta & Florin Ivan
"What a pleasure it is to deal with a company like Insurance Toronto!  Always prompt, courteous, knowledgeable and most accommodating.  This applies to their entire office staff - A+."
2016-07-26T12:20:19+00:00
Nicoleta & Florin Ivan “What a pleasure it is to deal with a company like Insurance Toronto!  Always prompt, courteous, knowledgeable and most accommodating.  This applies to their entire office staff – A+.”
J Delton Plank / North York
"Excellent knowledge of the insurance marketplace and ability to present best coverage at most competitive premiums to the client.  Facilitates handling of any claim information between client and the insurer."
2016-07-26T12:02:58+00:00
J Delton Plank / North York “Excellent knowledge of the insurance marketplace and ability to present best coverage at most competitive premiums to the client.  Facilitates handling of any claim information between client and the insurer.”
Calin Bora / Toronto
"Gerry managed to find for me the best deal that I could get on the market for Life Insurance! Tanks Gerry!"
2016-07-26T12:22:35+00:00
Calin Bora / Toronto “Gerry managed to find for me the best deal that I could get on the market for Life Insurance! Tanks Gerry!”
G. Marinescu / North York
"I strongly recommend that you have Insurance Toronto review and quote your insurance program. They SAVED us OVER 40% this year alone and I believe that they can also help you!"
2016-07-26T12:03:11+00:00
G. Marinescu / North York “I strongly recommend that you have Insurance Toronto review and quote your insurance program. They SAVED us OVER 40% this year alone and I believe that they can also help you!”
M. Pitkow / Scarborough
"Gerry has served all my insurance needs for over 7 years.  He has always been responsive, friendly and professional.  Most important, they take my needs, economical and service, very seriously and have performed, in my opinion at the highest levels.  I have never even considered changing agents.  Great job and thank you."
2016-07-26T12:21:28+00:00
M. Pitkow / Scarborough “Gerry has served all my insurance needs for over 7 years.  He has always been responsive, friendly and professional.  Most important, they take my needs, economical and service, very seriously and have performed, in my opinion at the highest levels.  I have never even considered changing agents.  Great job and thank

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Violeta and Victor / Woodbridge
"I am pleased to say that this family run office has looked out for our needs for over six years.  It is comforting to know that I don't have to worry about best cost and proper coverage. Thank you for being there for us!"
2016-07-26T12:03:05+00:00
Violeta and Victor / Woodbridge “I am pleased to say that this family run office has looked out for our needs for over six years.  It is comforting to know that I don’t have to worry about best cost and proper coverage. Thank you for being there for us!”
Radu Focseneanu / Richmond Hill
"Extremely professional and knowledgeable! Insurance Toronto saved me time and money. They have always had prompt responses to questions or problems. "
2016-07-26T12:03:03+00:00
Radu Focseneanu / Richmond Hill “Extremely professional and knowledgeable! Insurance Toronto saved me time and money. They have always had prompt responses to questions or problems. “
Steven Cotlar / Ajax
"I want to thank you personally for placing my insurance with a reliable company.  I do recommend you to all of my clients.  Thank you so much for all your help."
2016-07-26T12:19:36+00:00
Steven Cotlar / Ajax “I want to thank you personally for placing my insurance with a reliable company.  I do recommend you to all of my clients.  Thank you so much for all your help.”
Floria Crista / Orangeville
"My experiences with Insurance Toronto have been very positive and I find Gerry to be a real pleasure to deal with.  He is competent and friendly which can be hard to find these days."
2016-07-26T12:03:08+00:00
Floria Crista / Orangeville “My experiences with Insurance Toronto have been very positive and I find Gerry to be a real pleasure to deal with.  He is competent and friendly which can be hard to find these days.”
Philip Heacock / Heacock Builder Inc. Toronto
"There have been numerous times that other insurance agents have offered their services to our company.  But we have always turned them down due to the excellent customer service by Insurance Toronto"
2016-07-26T12:02:54+00:00
Philip Heacock / Heacock Builder Inc. Toronto “There have been numerous times that other insurance agents have offered their services to our company.  But we have always turned them down due to the excellent customer service by Insurance Toronto”
Adrian & Tatzi / Toronto
"The service provided by Insurance Toronto meant for me and my Family a lot. Customer satisfaction is the main goal of his activity."
2016-07-26T12:23:09+00:00
Adrian & Tatzi / Toronto “The service provided by Insurance Toronto meant for me and my Family a lot. Customer satisfaction is the main goal of his activity.”
Delia & Andrew / Orangeville
"Gerry was able to save us an incredible amount of money! We didn't realized how much we were overpaying in our Life Insurance! Thanks to Insurane Toronto we are saving over $125 a month. Thanks a million!"
2016-07-26T12:03:14+00:00
Delia & Andrew / Orangeville “Gerry was able to save us an incredible amount of money! We didn’t realized how much we were overpaying in our Life Insurance! Thanks to Insurane Toronto we are saving over $125 a month. Thanks a million!”