Find Your Ideal Life Insurance Coverage
Life insurance is one of the most important tools for protecting the people and priorities you care about. The right amount of coverage helps ensure your loved ones can maintain their lifestyle and meet future goals if your income were no longer available.
When determining how much coverage you need, consider:
- Your income replacement needs. A common starting point is 7–10× your annual pre-tax income, but your situation may require more precise planning.
- Legacy and estate goals. If you wish to leave an inheritance or charitable gift, permanent coverage may be appropriate.
- Debts and major expenses. Mortgages, education costs, and final expenses should all be factored in.
Our interactive calculator below helps you estimate your total coverage need — and highlights any gaps — so you can make informed, intentional decisions about protecting your family’s future.
Life Insurance Coverage Calculator
Estimate the coverage gap your loved ones may face and the amount of life insurance that could close it. Enter your information below and select Calculate.
Liabilities
Mortgage, credit cards, auto, real estate loans, and other debts.
Income to Replace
Annual pre-tax income you want to replace and for how many years.
Final Expenses
Medical, emergency buffer, funeral costs, etc.
Education Needs
Future education costs you want to fund.
Heirs / Charity
Any additional legacy amount you'd like to leave.
Available Assets
Assets available to your family (current life insurance, business/real estate, cash/investments, etc.).
Assumptions
Used only for the income replacement present value calculation.
We compute a real after-tax discount rate from these inputs and discount the stream of income over the chosen years.
Estimated Coverage Gap
Show calculation breakdown
This calculator is an educational tool and provides estimates only. Results are not advice or a recommendation. Please consult a qualified professional before making decisions.
Important Information
This calculator is intended to provide general information about life insurance needs based on information and assumptions provided by you. Because of this, the accuracy of this information is not guaranteed and is dependent upon the accuracy of the information that you provided. Results may vary depending on your individual circumstances. This calculator does not ensure the availability of or your eligibility for any specific product or amount of insurance.
The information is provided for illustrative purposes only and does not constitute a recommendation. There may be other factors that you will need to consider when ultimately deciding how much life insurance is appropriate. This information is not intended to offer any tax, legal or financial advice. It is always a good idea to consult your tax, legal and financial advisors regarding your specific situation.
The information in this report about the likelihood of various outcomes is hypothetical. There is no guarantee that the rate of return selected can actually be achieved. Investments offering the potential for higher rates of return also involve a higher degree of risk. Commissions, fees, taxes or other charges are not included in this report and could impact results.