Life Insurance
Protecting the Future of Your Family
Life Insurance
Use these simple tools to discover how much insurance you need and the cost… in just minutes!
Step 1: Find Out How Much Insurance You Need
How Much Life Insurance Do You Need?
Answer a few questions to estimate how much life insurance may be needed to help protect the people who depend on you.
How much annual income should your family have if you were no longer here?
Consider the amount your household would need each year for everyday living expenses. Do not include debts, childcare, college or emergency savings here because we will account for those separately.
How many years should that income continue?
Think about how long your family may depend on your income. For families with children, this may extend through high school, college or beyond.
How much debt would you like paid off?
Include debts you would not want your family to carry, such as a mortgage, car loans, credit cards, private student loans or other balances.
How much would you like to provide for childcare?
Consider childcare, after school care, summer care or other services that might be needed if you were no longer available to provide care.
Would you like to provide college funding for any children?
Add each child you would like to include. The calculator will estimate a four year college budget based on the child's current age and the type of school selected.
How much would you like set aside for an emergency fund?
An emergency reserve can help your family handle unexpected expenses and maintain financial flexibility.
How much personal life insurance do you already have?
Enter life insurance you personally own. You may choose not to count employer provided coverage because that coverage can end when employment changes.
Your Estimated Life Insurance Need
Based on the information you entered, this is an estimate of the amount of life insurance that may be needed to address the financial priorities you selected.
Estimated Additional Coverage Need
$0
This is an estimate, not a quote or recommendation to purchase a specific policy.
Step 2
See What This Coverage May Cost
Now that you have an estimate of how much life insurance you may need, use the quote tool below to see available pricing. Enter the coverage amount shown above when the quote tool asks how much insurance you want.
How this estimate is calculated
- Income replacement assumes a 4% annual investment return and 2% annual inflation.
- College estimates use 2025–26 national average full student budgets: public four year in state $30,990, public four year out of state $50,920, and private nonprofit four year $65,470.
- College costs are projected forward at a 4% annual education inflation rate and assume four years of attendance beginning at age 18.
- Final expenses use a configurable default planning allowance of $15,000.
- Existing personally owned life insurance is subtracted from the calculated need.
- The total will never display below $0.
This calculator is provided for educational and planning purposes only. Results are estimates based on the information entered and the assumptions shown above. The calculation does not account for every financial circumstance and is not financial, tax or legal advice. Actual life insurance needs may be higher or lower. A licensed insurance professional can help you review your individual situation.
Step 2: Find Out What It Costs
Please Note: “Term Period” refers to the length of time that the rate will be locked in and guaranteed not to increase.
Personalized Life Insurance Built Around Your Priorities
At Coto Insurance, we help individuals and families secure the financial protection they need without confusion or pressure. Whether you are looking for term insurance or a permanent policy to support your long-term goals, we will help you make a confident and informed decision.
We offer a range of life insurance options, each designed to serve a specific purpose. Our licensed agents will walk you through the benefits and trade-offs of each type so you can find the plan that fits your life and legacy.
Types of Life Insurance We Offer
Term Life Insurance
Term Life Insurance is designed to provide coverage for a specific period, such as 10, 20, or 30 years. It is typically the most affordable way to get a high level of coverage during the years when financial responsibilities are highest.
If the insured person passes away during the term, the policy pays a TAX FREE death benefit to the named beneficiary. If the term ends and no benefit has been paid, the policy simply expires unless it is renewed.
Term life is ideal for young families, homeowners, and anyone who wants to protect income, pay off debts, or fund future expenses like college tuition during a defined window of time. It is a smart solution when you need coverage now and want to keep premiums low.
Universal Life Insurance
Universal Life Insurance is a flexible and permanent life insurance option that combines a death benefit with the ability to accumulate cash value over time.
Policyholders have the flexibility to adjust their premium payments and death benefit amounts based on changing life circumstances. As the policy accumulates cash value, it can be accessed through loans or withdrawals, which can be used for retirement income, emergency expenses, or other financial needs.
This type of insurance is well suited for individuals who want a lifelong safety net along with some investment growth potential, and who are comfortable actively managing their policy over time.
Guaranteed Universal Life Insurance (GUL)
Guaranteed Universal Life Insurance combines the affordability of term insurance with the long-term security of permanent coverage. GUL is often referred to as the “no-lapse” universal life policy because it provides a guaranteed death benefit as long as the required premiums are paid.
Unlike traditional universal life insurance, GUL focuses less on building cash value and more on providing dependable coverage for life. It is ideal for people who want predictable premiums, lifelong protection, and peace of mind that their policy will not expire as they age. GUL is often used in estate planning, business succession, or to leave a legacy for heirs.
Second-to-Die Life Insurance
Second-to-Die Life Insurance, also known as survivorship life insurance, covers two people under one policy and pays the death benefit only after both insured individuals have passed away.
This type of policy is most commonly used by married couples who want to provide for their heirs, pay estate taxes, or fund a trust after both spouses have died. Because the benefit is delayed until the second death, premiums are typically lower than for two separate policies. Second-to-die insurance is a strategic option for wealth transfer, especially in larger estates that may face significant tax liabilities.
Get Expert Help Choosing the Right Life Insurance
Choosing the right life insurance policy does not have to be complicated. At Coto Insurance, our licensed professionals are here to explain your options clearly, answer your questions, and help you compare policies from top-rated insurance carriers. We are a broker and offer all of the TOP insurance companies in every state. We will do the shopping for you, so you don’t have to.
The good news is that we now we have companies that offer up to $4M of term life insurance with no underwriting (if you qualify).
Whether you are just starting your search or already know what type of coverage you want, we will guide you through the process with care and transparency. Our support is offered at no cost to you.
Contact us today to schedule a conversation and take the next step toward securing your financial future for your family or your business.