Life Insurance Needs
Enter your financial details to estimate coverage needs.
Total life insurance needed
$0
Additional coverage needed: $0
Income replacement
$0
Debt payoff
$0
Education costs
$0
Final expenses
$0
Total needs
$0
Additional coverage needed
$0
Worked example
With the default inputs shown below, this calculator returns the following results:
| Input | Value |
|---|---|
| Annual income ($) | $100,000 |
| Years of income to replace | 10 |
| Mortgage balance ($) | $300,000 |
| Other debts ($) | $50,000 |
| College education costs ($) | $100,000 |
| Current savings/investments ($) | $100,000 |
| Existing life insurance ($) | $50,000 |
| Result | Value |
|---|---|
| Total life insurance needed | $1,465,000 |
| Income replacement | $1,000,000 |
| Debt payoff | $350,000 |
| Education costs | $100,000 |
| Final expenses | $15,000 |
| Total needs | $1,465,000 |
Values shown are produced by this page in your browser; change any input to update them.
How to use the Life Insurance Needs
- Annual income ($) — default $100,000
- Years of income to replace — default 10
- Mortgage balance ($) — default $300,000
- Other debts ($) — default $50,000
- College education costs ($) — default $100,000
- Current savings/investments ($) — default $100,000
- Existing life insurance ($) — default $50,000
- Press Calculate to update the results instantly.