Tool · Updated August 10, 2026

Life insurance needs calculator

This tool adds up your obligations, subtracts the coverage and savings you already hold, then shows the amount left to cover. It calculates no price: this is not a quote.

This tool does your own arithmetic, in your browser. It does not calculate a premium and it transmits nothing: no figure you enter here ever reaches us. The result is an estimate based on your numbers, not a quote. Learn more.

Every amount below is one you enter. The tool only adds and subtracts: it shows no premium, no rate and no insurance price, and it names no insurer.

The method used: the DIME framework. Four items to add up — Debt, Income (income to replace), Mortgage, Education — then you subtract what is already in place.

This structure follows the financial needs analysis (FNA). According to the Autorité des marchés financiers (2026), a financial security advisor must first analyze your needs before recommending a product; that analysis covers the contracts you already hold, your family obligations, your financial position and your income. Doing the exercise yourself does not replace that analysis — it lets you arrive prepared.

D — Your debts and the costs of the death

What would still have to be repaid, plus the costs the death itself creates.

Credit cards, lines of credit and loans Personal and joint balances, excluding the mortgage

Funeral costs to plan for Your own estimate, or the total from our funeral cost estimator

Estimated tax at death Your own estimate or your tax specialist's. Leave at 0 if you do not have one.

I — The income to replace

How much your family would need to receive each year, and for how many years. The number of years is not a magic figure: it is how long the loss of your income would make a real difference.

Annual income to replace Not necessarily your entire salary: the share that supports the household

For how many years For example, until the youngest child is independent

New annual costs created by the death The AMF (2026) gives this example: if one spouse looked after the children while the other worked, childcare costs may now have to be covered

M — The mortgage

Mortgage balance — home

Mortgage balance — other property Cottage, rental property

E — Education

Amount you want to leave per child

Number of children

− What you already have

The AMF (2026) puts it this way: you have to compare the insurance you have with the insurance you need in order to determine what is missing.

Group life insurance at work According to the AMF (2026), it usually ends if you change jobs or when you retire

Individual policies already in force The amount written in the contract, not the one you remember

Savings and investments available quickly

Subtract the Québec Pension Plan (QPP) death benefit — $2,500 According to Retraite Québec (2026), this is a single payment of no more than $2,500. It is paid only if the deceased contributed enough to the Plan, it has to be applied for, and it goes first to whoever paid the funeral costs. Only check this box if you are reasonably certain you would be entitled to it.

The total updates as you type.

Your remaining need

Calculated from the amounts you entered.

D — Debts and costs of the death$0

I — Income to replace$0

M — Mortgage$0

E — Education$0

Subtotal of needs$0

Resources already in place$0

Remaining need $0

Nothing to calculate yet. Fill in at least one amount above.

Get quotes for this amount One request, with partners licensed in Québec. Free and with no obligation.

Sources for the public figures used

Retraite Québec, “The death benefit” — a single payment of no more than $2,500 (accessed August 2026): retraitequebec.gouv.qc.ca
Autorité des marchés financiers, the needs-analysis requirement and employment-linked group insurance (accessed August 2026): lautorite.qc.ca
Our detailed guide: How much life insurance do you need? The calculation methods

This result is an estimate produced from the amounts you entered yourself. It is not a quote, not a price, and not insurance or personal finance advice. SoumissionVie.ca is not an insurer, not a firm and not a broker. Nothing you enter in this tool is transmitted, recorded or stored: the entire calculation runs in your browser.

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