Life Insurance Needs Calculator
Coverage that actually covers.
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Your Results
Coverage needed$1,265,000.00
Income replacement (70%)$1,050,000.00
Total needs before existing$1,315,000.00
Common rule: 10-12x annual income. This calculator is more precise: 70% income replacement + debts + final expenses − existing coverage.
Frequently Asked Questions
How much life insurance do I need?
10-12x annual income is the standard benchmark. The precise version: 70% of income × years to cover, plus debts and final expenses, minus what you already have.
Term or whole life?
Term insurance is cheap and covers the gap when kids are dependent — the right choice for 90% of families. Whole life costs 10x more and mostly benefits the agent.
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