Life insurance needs calculator

Estimate a starting point for the people who depend on you. Adjust each figure to reflect your circumstances.

How the estimate works

Annual income multiplied by years, plus debts and one-time expenses, minus available resources. The minimum result is $0. Include expenses such as funeral costs or education in the one-time figure if relevant, and avoid counting the same resource twice.

This simple estimate does not account for inflation, investment returns, taxes, future income changes, unpaid caregiving or policy eligibility. It is not a recommendation or quote. Review assumptions and coverage with a qualified professional.

The National Association of Insurance Commissioners’ life insurance guide discusses income, dependents and expenses when evaluating coverage needs.