Welcome! I’m Wallis and I'm here to help you decide the right coverage amount for you and your family.
Let's start by answering a few quick questions.
Already know how much you need?
Get a quote here.
Now, let's get some numbers. No need to be exact here, a ballpark estimate will work!
Don't include income from spouse or partner.
If your primary role is providing unpaid care, enter at least $60,000. (If caregiver expenses are higher in your area, use a higher number.)
Great, just a few more numbers, I promise. A ballpark estimate is good enough.
Include brokerage accounts, retirement savings, and savings accounts that belong to you, your spouse / partner, or both of you jointly that can easily be converted to cash if needed.
Exclude your home equity.
Just you, exclude any spouse's coverage.
We generally recommend excluding any life insurance from your work, too.
Next, just a few questions about your family and loved ones.
If you plan on having children within the next couple of years, we suggest including them, too.
Also include any children in your life who you support financially (niece, nephew, stepchild, etc).
Most parents assume their children will be financially dependent at least until age 21. Some parents plan to provide support beyond then (i.e. grad school).
If you don’t work for compensation (say you’re a stay-at-home parent), consider how many years into the future your family would need to hire a paid caregiver.