Life Insurance Need

The Life Insurance Need Calculator determines the appropriate coverage amount to protect your family's financial security in the event of your death. It uses the income replacement approach — calculating the present value of your future income minus existing assets and insurance. Enter your annual income, years of income to replace, outstanding debts (mortgage, loans), children's education costs, existing savings and investments, and current insurance coverage. The stacked bar chart breaks down each coverage component. Many people are either under-insured (leaving families vulnerable) or over-insured (paying unnecessarily high premiums). This calculator provides a data-driven recommendation that accounts for all the factors a financial planner would consider, helping you right-size your coverage.