Life Insurance Needs Calculator
Estimate a family coverage gap from income support, debts, education, costs, assets, and existing policies.
Free · No sign-up · Your inputs stay in your browser
Your numbers
Estimate the coverage gap
Your projection
$1,530,000 estimated gap
Total family need
$1,750,000
Existing resources
$220,000
Income replacement portion
$1,350,000
This needs-based estimate does not price a policy or replace an insurance review. Consider survivor earnings, Social Security benefits, taxes, inflation, and special-needs planning.
About this tool
Method, assumptions, practical next steps, and limits.
Start with the people the policy protects
Coverage should reflect the financial jobs that disappear with the insured person, not a generic multiple of salary.
Calculation method
The tool adds entered needs without discounting future income, then subtracts liquid resources and existing life insurance.
Review the gaps
Consider survivor income, childcare, Social Security benefits, inflation, taxes, special-needs trusts, and how long each obligation lasts.
