Insurance Needs Calculator
Calculate how much life insurance coverage you need based on your income, debts, and family situation. This tool helps you determine an appropriate coverage amount to ensure your loved ones are financially protected in the event of your passing.
Financial Information
Personal Information
Insurance Needs Analysis
Total Insurance Needs
$0
Total coverage required
Existing Coverage
$0
Insurance + liquid assets
Additional Insurance
$0
Coverage gap
Est. Monthly Premium
$0
Approximate cost
Insurance Needs Breakdown
Income Replacement
$0
NaN% of total
Debt Payoff
$0
NaN% of total
Final Expenses
$0
NaN% of total
Education Fund
$0
NaN% of total
Income Replacement
Debt Payoff
Final Expenses
Education Fund
Understanding Your Insurance Needs
This calculator provides an estimate of your life insurance needs based on your current financial situation and goals. The calculation includes:
- Income Replacement: Funds to replace your income for your dependents for 10 years
- Debt Payoff: Coverage to pay off your outstanding debts, including mortgage, loans, and credit cards
- Final Expenses: Costs associated with funeral expenses and other end-of-life costs
- Education Fund: Money set aside for your children's education expenses
The estimated monthly premium is a rough approximation and not an actual quote. Actual premiums will vary based on your health, lifestyle, insurance provider, and the type of policy you choose. We recommend consulting with a licensed insurance professional for personalized advice.