Life Insurance Needs Calculator

Determine how much life insurance coverage you need based on income replacement, debts, and financial goals.

Financial Disclaimer

This calculator is for educational purposes only and does not constitute financial advice. Results are estimates based on the inputs provided. Consult a qualified financial advisor before making investment or financial planning decisions.

Inputs

Annual Income

Years to Replace Income

Outstanding Debts

Mortgage Balance

Children Education Fund

Final Expenses

Existing Life Insurance

Liquid Assets

Tab to move between fields

Results

Recommended Coverage

$1,365,000

Income Replacement Needed$1,125,000

Total Financial Needs$1,515,000

Existing Resources$150,000

How to Use This Calculator

Enter your annual income and the number of years to replace it for your family.
Input all outstanding debts (mortgage, auto loans, credit cards).
Enter estimated final expenses and education funding goals.
Subtract existing savings and current life insurance from the total need.
Review the Coverage Gap — the additional insurance you should consider purchasing.

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