About you

With our InsureRight Calculator, you can complete an analysis of your life, disability and critical illness insurance needs. The calculator uses your financial information today to help you decide how much insurance you may need.

Let’s get started. First, tell us about yourself and your family. Then click on the section you’d like to complete (if you’re not sure of the answers, your advisor can help).

Tell us about you and your family

You Your partner
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Start over

Life insurance needs analysis

How much money do you need to cover your debts and expenses?

You Your partner
$
$
$
$
$
$




Subtotal:
$

x
x
$
0
$

x
x
$
0




Subtotal:
$

x
x
$
0
$

x
x
$
0
$
$
Total debts and expenses:
$ 0
$ 0

How much income will your family need if you die?

You Your partner
Annual household income:
$
0
$
0

Subtotal:
%
$
0
%
$
0
Partner’s available income:
$
0
$
0
$
$
Annual income shortage:
$
0
$
0
%
%
Total amount needed to meet income shortage:
$ 0
$ 450,000

Do you have assets and existing insurance?

You Your partner
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
Total assets and insurance available:
$ 0
$ 0

Amount of life insurance that may be right for you

We’ve calculated the amount of life insurance you may need to protect your family and your savings based on the following:

You Your partner
Debts and expenses:
$ 0
$ 0
Amount needed to meet income shortage:
$ 0
$ 0
Assets and insurance available:
$ 0
$ 0
Your life insurance need:
$ 0
$ 0
Start over Back

Disability insurance needs analysis

If you become disabled and are unable to earn an income, disability insurance can help you cover your monthly expenses.

If you are over the age of 60, not employed, or your annual income is less than $12,000, disability insurance is typically not available. Your advisor can provide you with more details.

Your current employment income

You Your partner
Employment status:
Monthly earned income (before tax):
$
$
Maximum disability insurance limit
(based on income):
$ 0
$ 0

Your monthly expenses

You Your partner
$
$
$
$
$
$
$
$

Do you already have disability insurance and/or other income?

You Your partner
$
$
$
$
%
%
$
$
Total monthly disability benefits and other income:
$ 0
$ 0

Amount of disability insurance that may be right for you

We’ve calculated the amount of disability insurance you may need to protect your family and your savings.

You Your partner
Maximum monthly disability insurance benefit available:
(Adjusted for disability income)
$ 0
$ 0
Monthly expenses:
(Not covered by other income)
$ 0
$ 0
Your monthly disability insurance need:
$ 0
$ 0
Start over Back

Critical illness insurance needs analysis

If you get sick, you want to be able to focus on getting better without worrying about money. Critical illness insurance can help replace your regular income or cover your debts and expenses – or both.

Do you want to replace your income during recovery?

Consider other insurance you may have. For example, if you have disability insurance, you may not need to use critical illness insurance to replace your income.

You Your partner
If you suffer a critical illness, you will want to:
Replace your income:


Subtotal:
$

x
$
0
Replace your partner’s income:


Subtotal:
$

x
$
0
If your partner suffers a critical illness, you will want to:
Replace his/her income:


Subtotal:
$

x
$
0
Replace your income:


Subtotal:
$

x
$
0
Total required to replace income:
$ 0
$ 0

Do you want to pay your debts and expenses?

You can use the ‘lump sum payments’ field if you want to reduce or pay off your debt, or you can fill in the number of months you would like to cover expenses.

You Your partner
Mortgage or rent payments:


Subtotal:
$

x
$
0
$
x
$
0
Debt payments (excluding mortgage):


Subtotal:
$

x
$
0
$
x
$
0
Savings contributions:


Subtotal:
$

x
$
0
$
x
$
0
Other living expenses:


Subtotal:
$

x
$
0
$
x
$
0
$
$
$
$
Total debts and expenses:
$ 0
$ 0

Do you have assets and existing insurance to offset costs?

You Your partner
$
$
$
$
Total assets and insurance available:
$ 0
$ 0

Amount of critical illness insurance that may be right for you

We’ve calculated the amount of critical illness insurance you may need to protect your family and your savings based on the following:

You Your partner
Amount needed to replace income:
$ 0
$ 0
Amount needed to cover expenses:
$ 0
$ 0
Assets and insurance available:
$ 0
$ 0
Your critical illness insurance need:
$ 0
$ 0
Start over Back

Results

Your insurance needs

Based on the information you’ve provided, we’ve calculated the amount of insurance you may need and how much it may cost. You may find it helpful to discuss these results with your financial advisor. If you don’t have a financial advisor, we can help you locate someone in your area.

April 17, 2014

These results are based on:

You
Male, age 37, Smoker
Your partner
Female, age 33, Non-Smoker
Amount Monthly cost Amount Monthly cost
$ 0
$ 0.00
$ 0
$ 0.00
Disability insurance
(Venture Series 3A-B)
Why is there a range in monthly costs?
Return to disability needs analysis
$ 0.00
 
$ 0.00
 
$ 0.00
 
$ 0.00
 
Critical illness insurance
(Lifecheque – Term 10 with ROPD)
Return to critical illness needs analysis
$ 0
$ 0.00
$ 0
$ 0.00

Life insurance - The amount of insurance has been increased to $100,000 to meet product minimums.

Life insurance - The amount of insurance has been decreased to $10,000,000. Quotes for amounts greater than $10,000,000 may be obtained from your advisor.

Life insurance - Family Term – Term-20 is available to clients age 60 and below. Your life insurance need is provided above. Your advisor can help determine which products may be right for you and provide you with a quote.

Disability insurance - The monthly benefit amount has been increased to meet product minimums.

Disability insurance - The monthly benefit amount has been decreased to meet product maximums.

Disability insurance - To be eligible for disability insurance, you must be between the ages of 18 and 60. You must also be employed with an annual income of at least $12,000.

Critical illness insurance - The amount of insurance has been increased to $25,000 to meet product minimums.

Critical illness insurance - The amount of insurance has been decreased to $2,000,000 to meet product maximums.

Critical illness insurance - To be eligible for critical illness insurance, you must be between the ages of 18 and 60.



Consider Synergy

Synergy, Manulife’s unique combination insurance, includes a life insurance policy, a disability insurance policy and a critical illness insurance policy – all in one affordable, easy-to-manage package.

Here’s an estimate of how much Synergy you may need based on the information you provided in the life insurance calculator.

April 17, 2014

You Your partner
Amount Monthly cost Amount Monthly cost
Combination insurance
(Synergy, Term - 10 with TIR)
$ 0
$ 0.00
$ 0
$ 0.00

You : The cost estimated is for a Synergy - Term 10 solution of $500,000 with a $600,000 term insurance rider term insurance riders are available with a minimum coverage amount of $100,000 for a male/female, age 18-60, smoker/non-smoker.

Your partner : The cost estimated is for a Synergy - Term 10 solution of $500,000 with a $600,000 term insurance rider term insurance riders are available with a minimum coverage amount of $100,000 for a male/female, age 18-60, smoker/non-smoker.

Combination insurance - The amount of insurance has been increased to $100,000 to meet product minimums.

Combination insurance - The amount of insurance has been decreased to $500,000 to meet product maximums. Term insurance riders are available with a minimum coverage amount of $100,000.

Combination insurance - To be eligible for Synergy insurance, you must be between the ages of 18 and 50



Adjust to fit your budget

Have a budget in mind? Use the slider to adjust the amount and see how it changes the cost (using the information you have entered). You cannot adjust the disability insurance using this tool. Talk to your advisor for more information.

April 17, 2014


You Amount of insurance Monthly cost
Life insurance
  $ 0.00
Critical illness insurance
  $ 0.00

Combination insurance
(Synergy, Term - 10 with TIR)
  $ 0.00

Your partner Amount of insurance Monthly cost
Life insurance
  $ 0.00
Critical illness insurance
  $ 0.00

Combination insurance
(Synergy, Term - 10 with TIR)
  $ 0.00