Insurance Tools & Calculators

Making smart insurance decisions starts with having the right tools in hand. Whether you’re trying to determine how much life insurance you need, compare term vs. whole life options, or understand your financial risks, Canopyra’s suite of interactive insurance calculators is designed to make planning clear, fast, and personalized.

These tools are built for Canadians who want to take control of their financial future — with data-backed insights and real-time estimates to support every stage of life.

Estimate Your Needs in Minutes

Life Insurance Calculator

Quickly determine how much life insurance coverage you may need to protect your family. This tool factors in income replacement, debts, dependents, education costs, and lifestyle goals to deliver a personalized estimate aligned with your long-term protection plan.

Serious health conditions can cause serious financial stress. Use this calculator to estimate a realistic lump-sum payout based on your income, recovery expectations, and potential out-of-pocket expenses like private treatment, home care, or time off work.

Your ability to earn is one of your most valuable assets. This tool helps calculate how much monthly income replacement you would need if you became unable to work due to illness or injury — and how long you’d need it to last.

Not sure which life insurance policy is right for you? Compare the cost, benefits, and flexibility of term vs. whole life insurance, based on your age, budget, and financial goals.

Designed for parents and caregivers, this calculator considers all the factors in a family insurance protection plan — including childcare, future education expenses, and surviving spouse income — to give you peace of mind.

Entrepreneurs and self-employed professionals need unique protection. This tool (launching soon) will help you assess key-person coverage, business interruption risk, and personal protection strategies.

Why Use Canopyra’s Tools?

Our tools are designed with:

  • Personalization — Every calculator reflects your unique lifestyle, income, and goals

  • Simplicity — No jargon, no hard sells — just clear answers

  • Smart planning — Supports long-term financial protection through data-driven decision-making

  • Accessibility — Use them from any device, 24/7, with instant results

These calculators are a great first step in building your personalized insurance plan — but they’re even more powerful when paired with expert guidance. That’s where we come in.

What Happens After You Use a Calculator?

Once you’ve explored your options and have a clearer picture of your needs, you can connect with a Canopyra advisor to:

  • Review your personalized results
  • Understand your coverage gaps
  • Get matched with affordable life insurance or living benefits options
  • Receive a custom insurance quote based on your inputs

Related Tools & Resources

  • Insurance Glossary — Understand key terms and product types
  • Life Insurance — Secure long-term protection for your loved ones
  • Living Benefits — Safeguard your income and lifestyle
  • Blog & Resources — Expert guidance on building a strong insurance foundation

Let’s Build a Smarter Insurance Strategy — Together

Start with our tools, then book a free consultation to take the next step toward secure, personalized coverage.

Canopyra Strategies is committed to protecting your privacy. The information you provide will only be used to respond to your inquiry and, if you opt in, to send you relevant updates. We do not sell or share your personal data with third parties. For more details, please review our Privacy Policy.