Life Insurance Needs Calculator

Figure out how much term life coverage makes sense for your situation. Takes about 2 minutes.

Annual Household Income

Your total pre-tax annual income

Years of Income to Replace

How many years would your family need support? (Common: 10-20 years)

Total Outstanding Debts

Mortgage, student loans, car loans, credit cards, etc.

Number of Dependent Children

Each child adds an estimated $150K for future expenses (education, childcare)

Final Expenses

Funeral, burial, legal costs (average: $10-15K)

Existing Life Insurance & Savings

Current coverage (employer group life, existing policies) + liquid savings

Recommended Coverage

This calculator provides a rough estimate, not financial advice. Your actual needs may vary based on your specific situation. Consider speaking with a fee-only financial advisor for personalized guidance.