New York Life Group Benefit Solutions My Life Check-Up

Find out how much life insurance you will need.

If you’re not sure how much life insurance to purchase, this simple questionnaire can help.

About me

Question 1 of 5

Is your life insurance keeping pace with your life?

Select the option that fits your current stage in life to find out.

Millennial

(1981-1996)

Generation X 

(1965-1980)

Baby Boomer

(1946-1964)

Silent Generation

(Before 1945)

Think you are too young to need life insurance?

Top 4 reasons to consider it now:

1. Lower Premiums* – Premiums are typically lower when you buy life insurance at a young age. Take advantage of the savings.

Did you know that group insurance provides a Guaranteed Issue limit that provides a certain amount of coverage without the need to provide any proof of good health?

2. Others rely on you – Who depends on you? Parents, grandparents, siblings or a significant other? Would their needs continue to be met if anything happened to you?

3. Outstanding debts – If someone was the co-signer of your student loans or a mortgage, and something unforeseen should happen to you, those debts would likely become their responsibility.

4. Leaving a legacy – Life insurance is also a way to be remembered. The gift to your beneficiaries or a charitable organization could have a significant impact in the future.

*Note that Life rates may be expressed in the form of a rate per thousand dollars of coverage (e.g. $.25/1000), but you only need to enter the rate itself ($.25).

At this age, you may know the risks of not protecting yourself, but have you adequately prepared if the unexpected should happen?

You can’t plan for the unexpected, but it is best to be prepared. Here’s why you should consider life insurance now.

1. The kids may be going to college or graduate school. Could they afford college without your financial support?

2. You have a mortgage and home maintenance to take care of. Could your family afford to live there without you?

3. Others rely on you – Who depends on you? Parents, grandparents, siblings or a significant other? Would their needs continue to be met if anything happened to you?

Have you started thinking about the transition to retirement?

Check your life insurance coverage to see if it meets your family’s needs at this point in time.

Three reasons to consider life insurance now:

1. Final expenses – Plan for this cost to avoid leaving a financial burden for your loved ones.

2. Others depend on you – Who depends on you? Parents, grandparents, siblings or a significant other? Would they get by if anything happened to you?

3. Additional protection – Help make sure your family can maintain their lifestyle if something unexpected were to happen to you.

Do you have a plan for your final expenses?

Reassess your life insurance policy to ensure it can cover your final expenses. Life insurance can mean peace of mind for you—and for your loved ones should you pass away.

Three reasons to consider life insurance now:

1. Final expenses – Plan for this cost to avoid leaving a financial burden for your loved ones.

2. Outstanding expenses – A life insurance payout can be used by your beneficiaries to pay outstanding debts such as medical bills, mortgage payments and credit card balances.

3. Caring for your significant other – If you’re providing care for someone else, then consider how that obligation would continue to be met if you were no longer here to provide it.

Love and Marriage

Question 2 of 5

Are you married or do you plan to get married?

Yes

No

Don’t think you need life insurance until you have children?

When you decide to share your life together, you may also share your financial obligations. Provide each other with the additional financial protection of a life insurance policy that will help pay off outstanding debts and maintain the monthly bills.

Consider these scenarios before you make the same assumptions:

If you have debt – The balance of any loans could become your spouse’s responsibility.

Shared financial responsibilities – If something were to happen to you, could your spouse make ends meet or would they have to find a new place to live?

Others may depend on you – Do you have aging parents or relatives who depend on you? Do you have younger siblings or special-needs siblings whom you will care for one day? What would happen if you were not in the picture?

Final expenses – Plan for this cost to avoid leaving a financial burden for your loved ones.

Is life insurance only for married couples or those with children?

Many people believe that life insurance is only for married couples or those with children. Not True!

Consider these scenarios before you make the same assumptions:

If you have debt – and someone co-signed your loans through a bank, the balance of that loan would become their responsibility.

If you live with a significant other – and something were to happen to you, could they make ends meet on their own or would they have to find a new place to live?

Others depend on you – Do you have aging parents, siblings or adult children who depend on you? What would happen to them if something unexpected were to happen to you?

Love and Marriage

Question 2 of 5

Are you married or do you plan to get married?

Yes

No

Have you adequately planned for your families' future?

When you decide to share your life together, you may also share your financial obligations. Provide each other with the additional financial protection of a life insurance policy that will help pay off outstanding debts and maintain the monthly bills.

Consider these scenarios before you make the same assumptions:

If you have debt – The balance of any loans could become your spouse’s responsibility.

Shared financial responsibilities – If something were to happen to you, could your spouse make ends meet or would they have to find a new place to live?

Others may depend on you – Do you have aging parents or relatives who depend on you? Do you have younger siblings or special-needs siblings whom you will care for one day? What would happen if you were not in the picture?

Final expenses – Plan for this cost to avoid leaving a financial burden for your loved ones.

Is life insurance only for married couples?

Many people believe that life insurance is only for married couples or those with children. Not True!

Consider these scenarios before you make the same assumptions:

If you have debt – and someone co-signed your loans through a bank, the balance of that loan would become their responsibility.

If you live with a significant other – and something were to happen to you, could they make ends meet on their own or would they have to find a new place to live?

Others depend on you – Do you have aging parents, siblings or adult children who depend on you? What would happen to them if something unexpected were to happen to you?

Love and Marriage

Question 2 of 5

Are you married or do you plan to get married?

Yes

No

Have you adequately planned for your families' future?

When you decide to share your life together, you may also share your financial obligations. Provide each other with the additional financial protection of a life insurance policy that will help pay off outstanding debts and maintain the monthly bills.

Consider these scenarios before you make the same assumptions:

If you have debt – The balance of any loans could become your spouse’s responsibility.

Shared financial responsibilities – If something were to happen to you, could your spouse make ends meet or would they have to find a new place to live?

Others may depend on you – Do you have aging parents or relatives who depend on you? Do you have younger siblings or special-needs siblings whom you will care for one day? What would happen if you were not in the picture?

Final expenses – Plan for this cost to avoid leaving a financial burden for your loved ones.

Is life insurance only for married couples?

Many people believe that life insurance is only for married couples or those with children. Not True!

Consider these scenarios before you make the same assumptions:

If you have debt – and someone co-signed your loans through a bank, the balance of that loan would become their responsibility.

If you live with a significant other – and something were to happen to you, could they make ends meet on their own or would they have to find a new place to live?

Others depend on you – Do you have aging parents, siblings or adult children who depend on you? What would happen to them if something unexpected were to happen to you?

Love and Marriage

Question 2 of 5

Are you married?

Yes

No

Have you adequately planned for your families' future?

Most married couples share their financial obligations. Provide each other with the additional financial protection of a life insurance policy that will help pay off outstanding debts and maintain the monthly bills.

Consider these scenarios before you make the same assumptions:

Shared financial responsibilities – If something were to happen to you, could your spouse make ends meet or would they have to find a new place to live?

Others may depend on you – Do you have relatives who depend on you? What would happen if you were not in the picture?

Final expenses – Plan for this cost to avoid leaving a financial burden for your loved ones.

Is life insurance only for married couples?

If someting unexpected were to happen to you, your debts could become someone else's responsibility. Provide loved ones with the additional financial protection of a life insurance policy that may help pay off outstanding debts.

If you live with a significant other – and something were to happen to you, could they make ends meet on their own or would they have to find a new place to live?

Others depend on you – Do you have relatives who depend on you? What would happen to them if something unexpected were to happen to you?

Home Sweet Home

Question 3 of 5

Do you own a home?

Yes

No

Don't think that life insurance can help protect your mortgage?

In the event an insured passes away, life insurance proceeds can be used to pay off a mortgage.

Make life insurance a priority. Did you know that nearly half (46%) of adult consumers don't have life insurance?1

1 LIMRA, “2020 Insurance Barometer Study.” 2020.

If you don't own a home, should you still make life insurance a priority?

Yes! Did you know that nearly half (46%) of adult consumers don't have life insurance?1

1 LIMRA, “2020 Insurance Barometer Study.” 2020. p7

Home Sweet Home

Question 3 of 5

Do you own a home?

Yes

No

Don't think that life insurance can help protect your mortgage?

In the event an insured passes away, life insurance proceeds can be used to help pay off a mortgage.

Did you know that most people overestimate the cost of life insurance* by more than 3x the actual cost!1

1 LIMRA, “2020 Insurance Barometer Study.” 2020.
*Estimated yearly cost for a $250,000 Term Life policy for a healthy, non-smoking 30 year-old.

If you don't own a home, should you still make life insurance a priority?

Yes! Did you know that most people overestimate the cost of life insurance* by more than 3x the actual cost!1

1 LIMRA, “2020 Insurance Barometer Study.” 2020.
*Estimated yearly cost for a $250,000 Term Life policy for a healthy, non-smoking 30 year-old.

Home Sweet Home

Question 3 of 5

Do you own a home?

Yes

No

Even if your home is paid off, should you still make life insurance a priority?

Did you know that more than a quarter of households would feel the financial impact within 1 month if the primary wage earner passes away!1

1 LIMRA, “2020 Insurance Barometer Study.” 2020.

If you don't own a home, should you still make life insurance a priority?

Did you know that more than a quarter of households would feel the financial impact within 1 month if the primary wage earner passes away!1

1 LIMRA, “2020 Insurance Barometer Study.” 2020.

Home Sweet Home

Question 3 of 5

Is your home paid off?

Yes

No

Even if your home is paid off, should you still make life insurance a priority?

Did you know that more than a quarter of households would feel the financial impact within 1 month if the primary wage earner passes away!1

1 LIMRA, “2020 Insurance Barometer Study.” 2020.

If you don't own a home, should you still make life insurance a priority?

Did you know that more than a quarter of households would feel the financial impact within 1 month if the primary wage earner passes away!1

1 LIMRA, “2020 Insurance Barometer Study.” 2020.

How many loved ones depend on you?

Question 4 out of 5

Include significant others, parents, children, and any other family members.

0

1-2

3 or more

Did you know that a life insurance policy could help to cover your final expenses or that you could also designate an organization or charity as the beneficiary of your life insurance policy?

We all have competing priorities. While no one may depend on you financially now, incorporating a life insurance policy into your family's financial protection strategy could help your loved ones cover your final expenses should something unexpected happen to you.

A life insurance policy could help to cover your final expenses. You can also designate an organization or charity as the beneficiary of your policy.

If the unexpected were to happen, could your family continue to meet all their financial obligations – from paying rent or the mortgage to daily living expenses?

Help provide a sense of security for your loved ones. Life insurance provides the protection you need to help secure your family’s financial strategy.1

1Premiums must be paid to keep a policy in force.

If the unexpected were to happen, could your family continue to meet all their financial obligations – from paying rent or the mortgage to daily living expenses?

Help provide a sense of security for your loved ones. Life insurance provides the protection you need to help secure your family’s financial strategy.1

1Premiums must be paid to keep a policy in force.

How many loved ones depend on you?

Question 4 out of 5

Include significant others, parents, children, and any other family members.

0

1-2

3 or more

Did you know that a life insurance policy could help to cover your final expenses?

We all have competing priorities. While no one may depend on you financially now, incorporating a life insurance policy into your family's financial protection strategy could help your loved ones cover your final expenses should something unexpected happen to you.

Plan for this cost to avoid leaving a financial burden for your loved ones.

If the unexpected were to happen, could your family continue to meet all their financial obligations – from paying rent or the mortgage to daily living expenses?

Help provide a sense of security for your loved ones. Life insurance can provide the protection you need to help secure your family’s financial strategy.1

1Premiums must be paid to keep a policy in force.

If the unexpected were to happen, could your family continue to meet all their financial obligations – from paying rent or the mortgage to daily living expenses?

Help provide a sense of security for your loved ones. Life insurance can provide the protection you need to help secure your family’s financial strategy.1

1Premiums must be paid to keep a policy in force.

How many loved ones depend on you?

Question 4 out of 5

Include significant others, parents, children, and any other family members.

0

1-2

3 or more

Did you know that a life insurance policy could help to cover your final expenses?

We all have competing priorities. While no one may depend on you financially now, incorporating a life insurance policy into your family's financial protection strategy could help your loved ones cover your final expenses should something unexpected happen to you.

Plan for this cost to avoid leaving a financial burden for your loved ones.

If the unexpected were to happen, could your family continue to meet all their financial obligations – from paying rent or the mortgage to daily living expenses?

Help provide a sense of security for your loved ones. Life insurance can provide the protection you need to help secure your family’s financial strategy.1

1Premiums must be paid to keep a policy in force.

If the unexpected were to happen, could your family continue to meet all their financial obligations – from paying rent or the mortgage to daily living expenses?

Help provide a sense of security for your loved ones. Life insurance can provide the protection you need to help secure your family’s financial strategy.1

1Premiums must be paid to keep a policy in force.

How many loved ones depend on you?

Question 4 out of 5

Include significant others, parents, children, and any other family members.

0

1-2

3 or more

Did you know that a life insurance policy could help to cover your final expenses?

We all have competing priorities. While no one may depend on you financially now, incorporating a life insurance policy into your family's financial protection strategy could help your loved ones cover your final expenses should something unexpected happen to you.

Plan for this cost to avoid leaving a financial burden for your loved ones.

Are you the care giver for your spouse or partner?

Help provide a sense of security for your loved ones. If the unexpected were to happen, could your disabled spouse or partner afford to continue receiving the care they need? Would their quality of care be impacted without your income?

Are you the care giver for your spouse or partner?

Help provide a sense of security for your loved ones. If the unexpected were to happen, could your disabled spouse or partner afford to continue receiving the care they need? Would their quality of care be impacted without your income?

Do you have any other debts?

Question 5 of 5

When your income increases, your spending usually increases too. It is a good idea to re-assess your life insurance coverage whenever your income rises so that if something unexpected were to happen to you, you can help your family maintain their current lifestyle.

No debt

Some Debt

A lot of debt

Concerned over debt

Will you be adequatley protected?

70% say they need life insurance coverage.1 It’s important to evaluate your current situation and thoughtfully determine the amount of coverage you need.

Did you know:

Among those with life insurance, 1 in 3 say they don’t have enough!1 And about 1 in 10 of those who own life insurance don’t know if their coverage is adequate.1

LIMRA, “2020 Insurance Barometer Study.” 2020. 

Will you be adequatley protected?

70% say they need life insurance coverage.1 It’s important to evaluate your current situation and thoughtfully determine the amount of coverage you need.

Did you know:

Among those with life insurance, 1 in 3 say they don’t have enough!1 And about 1 in 10 of those who own life insurance don’t know if their coverage is adequate.1

LIMRA, “2020 Insurance Barometer Study.” 2020. 

Will you be adequatley protected?

70% say they need life insurance coverage.1 It’s important to evaluate your current situation and thoughtfully determine the amount of coverage you need.

Did you know:

Among those with life insurance, 1 in 3 say they don’t have enough!1 And about 1 in 10 of those who own life insurance don’t know if their coverage is adequate.1

LIMRA, “2020 Insurance Barometer Study.” 2020.

Will you be adequatley protected?

70% say they need life insurance coverage.1 It’s important to evaluate your current situation and thoughtfully determine the amount of coverage you need.

Did you know:

Among those with life insurance, 1 in 3 say they don’t have enough!1 And about 1 in 10 of those who own life insurance don’t know if their coverage is adequate.1

LIMRA, “2020 Insurance Barometer Study.” 2020.

Do you have any other debts?

Question 5 of 5

When your income increases, your spending usually increases too. It is a good idea to re-assess your life insurance coverage whenever your income rises so that if something unexpected were to happen to you, you can help your family maintain their current lifestyle.

No debt

Some Debt

A lot of debt

Concerned over debt

Will you be adequatley protected?

70% say they need life insurance coverage.1 It’s important to evaluate your current situation and thoughtfully determine the amount of coverage you need.

Did you know:

Among those with life insurance, 1 in 3 say they don’t have enough!1 And about 1 in 10 of those who own life insurance don’t know if their coverage is adequate.1

LIMRA, “2020 Insurance Barometer Study.” 2020.

Will you be adequatley protected?

70% say they need life insurance coverage.1 It’s important to evaluate your current situation and thoughtfully determine the amount of coverage you need.

Did you know:

Among those with life insurance, 1 in 3 say they don’t have enough!1 And about 1 in 10 of those who own life insurance don’t know if their coverage is adequate.1

LIMRA, “2020 Insurance Barometer Study.” 2020.

Will you be adequatley protected?

70% say they need life insurance coverage.1 It’s important to evaluate your current situation and thoughtfully determine the amount of coverage you need.

Did you know:

Among those with life insurance, 1 in 3 say they don’t have enough!1 And about 1 in 10 of those who own life insurance don’t know if their coverage is adequate.1

LIMRA, “2020 Insurance Barometer Study.” 2020.

Will you be adequatley protected?

70% say they need life insurance coverage.1 It’s important to evaluate your current situation and thoughtfully determine the amount of coverage you need.

Did you know:

Among those with life insurance, 1 in 3 say they don’t have enough!1 And about 1 in 10 of those who own life insurance don’t know if their coverage is adequate.1

LIMRA, “2020 Insurance Barometer Study.” 2020.

Do you have any other debts?

Question 5 of 5

When your income increases, your spending usually increases too. It is a good idea to re-assess your life insurance coverage whenever your income rises so that if something unexpected were to happen to you, you can help your family maintain their current lifestyle.

No debt

Some Debt

A lot of debt

Concerned over debt

Will you be adequatley protected?

70% say they need life insurance coverage.1 It’s important to evaluate your current situation and thoughtfully determine the amount of coverage you need.

Did you know:

Among those with life insurance, 1 in 3 say they don’t have enough!1 And about 1 in 10 of those who own life insurance don’t know if their coverage is adequate.1

LIMRA, “2020 Insurance Barometer Study.” 2020. 

Will you be adequatley protected?

70% say they need life insurance coverage.1 It’s important to evaluate your current situation and thoughtfully determine the amount of coverage you need.

Did you know:

Among those with life insurance, 1 in 3 say they don’t have enough!1 And about 1 in 10 of those who own life insurance don’t know if their coverage is adequate.1

LIMRA, “2020 Insurance Barometer Study.” 2020.

Will you be adequatley protected?

70% say they need life insurance coverage.1 It’s important to evaluate your current situation and thoughtfully determine the amount of coverage you need.

Did you know:

Among those with life insurance, 1 in 3 say they don’t have enough!1 And about 1 in 10 of those who own life insurance don’t know if their coverage is adequate.1

LIMRA, “2020 Insurance Barometer Study.” 2020.

Will you be adequatley protected?

70% say they need life insurance coverage.1 It’s important to evaluate your current situation and thoughtfully determine the amount of coverage you need.

Did you know:

Among those with life insurance, 1 in 3 say they don’t have enough!1 And about 1 in 10 of those who own life insurance don’t know if their coverage is adequate.1

LIMRA, “2020 Insurance Barometer Study.” 2020.

Do you have any other debts?

Question 5 of 5

When your income increases, your spending usually increases too. It is a good idea to re-assess your life insurance coverage whenever your income rises so that if something unexpected were to happen to you, you can help your family maintain their current lifestyle.

Thinking about retirement?

Most of your debts are likely minimal at this point and you have the future planned out. If something unexpected were to happen, a life insurance policy could help supplement income for a surviving spouse. You might also want to provide a charitable gift for a local nonprofit you are actively involved in.

No debt

Some Debt

A lot of debt

Concerned over debt

Will you be adequatley protected?

70% say they need life insurance coverage.1 It’s important to evaluate your current situation and thoughtfully determine the amount of coverage you need.

Did you know:

Among those with life insurance, 1 in 3 say they don’t have enough!1 And about 1 in 10 of those who own life insurance don’t know if their coverage is adequate.1

LIMRA, “2020 Insurance Barometer Study.” 2020.

Will you be adequatley protected?

70% say they need life insurance coverage.1 It’s important to evaluate your current situation and thoughtfully determine the amount of coverage you need.

Did you know:

Among those with life insurance, 1 in 3 say they don’t have enough!1 And about 1 in 10 of those who own life insurance don’t know if their coverage is adequate.1

LIMRA, “2020 Insurance Barometer Study.” 2020.

Will you be adequatley protected?

70% say they need life insurance coverage.1 It’s important to evaluate your current situation and thoughtfully determine the amount of coverage you need.

Did you know:

Among those with life insurance, 1 in 3 say they don’t have enough!1 And about 1 in 10 of those who own life insurance don’t know if their coverage is adequate.1

LIMRA, “2020 Insurance Barometer Study.” 2020.

Will you be adequatley protected?

70% say they need life insurance coverage.1 It’s important to evaluate your current situation and thoughtfully determine the amount of coverage you need.

Did you know:

Among those with life insurance, 1 in 3 say they don’t have enough!1 And about 1 in 10 of those who own life insurance don’t know if their coverage is adequate.1

LIMRA, “2020 Insurance Barometer Study.” 2020.

Results

Make sure your coverage fits.

Thanks for taking part in our quiz! Use these results as a starting point to explore what’s important to you. Learn more about your life insurance options at our website.

Multiply your salary by:

{lifeRate}

Use these results to calculate your life insurance premium.

New York Life Group Benefit Solutions products and services are provided by Life Insurance Company of North America and New York Life Group Insurance Company of NY, subsidiaries of New York Life Insurance Company.

Life Insurance Company of North America is not licensed in New York and does not conduct insurance business in New York.