Life Insurance Needs Calculator
Calculate how much coverage your family needs
Income Replacement
$
10 yrs
Debts to Pay Off
$
$
$
$
$
Future Expenses
2
$
$
$
Existing Resources
$
$
$
Coverage Gap Detected
$1.31M
Recommended total life insurance coverage
You need $1,210,000 more coverage
Total Financial Needs
$1.46M
Current Resources
$150K
What Your Family Would Need
Coverage Analysis
Key Factors to Consider
Term vs. Whole Life
Term life is typically 5-10x cheaper and sufficient for most families.
Review Regularly
Reassess after major life events: marriage, children, home purchase.
Employer Coverage
Often 1-2x salary. Good start but usually not enough.
Stay-at-Home Parents
Consider coverage for childcare and household services value.
Disclaimer: This calculator provides estimates for educational purposes only. Actual insurance needs vary based on individual circumstances. Consult with a licensed insurance professional for personalized recommendations.