Use the Principal Life Insurance quote tool to determine how much coverage you will need on your life insurance policy. The tool will help you gain an understanding of how much a policy will cost as well as the specific types of coverages that you may require. To learn about Principal’s different life insurance products/services go to this page (link will open in a separate browser window/tab). The instructions posted below detail how to use the tool/calculator.
Step 1 – Go to the life insurance calculator page by clicking the quote link at the top of this page (or enter https://www.principal.com/individuals/life-insurance-calculator/ into your web browser).
Step 2 – The first section (“Define Your Needs”) is comprised of four parts (living expenses, existing debt, funeral costs, and college education). Click the “Add This Need” button to add your information to each part/subsection.
Step 3 – Fill in how much money you have in savings and how much other life insurance you have (if applicable).
Step 4 – Enter your age, gender, location, body composition (height/weight), and tobacco use (select from the drop-down menu).
Step 5 – Select your desired term length from the drop-down list.
Step 6 – Press the “Calculate Your Estimate” button to show your customized estimation.