Life insurance needs

Estimate how much life insurance your family would need to stay financially secure.

Learn about Term Life Insurance

Your details

Income to replace

Your annual income (before tax)

Share of income your family would need

Years of income support

Expected return on the payout

Inflation

Debts

Mortgage balance

Other debts (car, lines of credit, cards)

One-time costs

Funeral and final expenses

Children’s education fund

Emergency fund

What you already have

Existing life insurance (group + personal)

Savings and investments available

Nothing you enter is saved or sent anywhere.

Your estimate

Suggested coverage

$1,150,000

Income replacement (present value): $758,056
Debts: $475,000
One-time costs: $100,000
Total needs: $1,333,056
Minus what you have: − $190,000
Coverage gap: $1,143,056

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This calculator gives a general estimate for educational purposes only. It is not financial advice or an insurance quote. Actual needs, premiums and returns depend on your situation and insurer underwriting.

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