PROTECTION · LEVEL 100

Life Insurance Needs Calculator

Estimate the financial obligations a life-insurance benefit may need to cover before comparing products.

Define the obligations, subtract available assets and coverage, then review and save the gap. Enter 0 for amounts that do not apply.

1 · Income replacement

Annual income to replaceAnnual household income that would need replacing; use the amount needed for this plan.Years of income replacementHow long the replacement income is needed. Enter 0 for an obligations-only estimate.

2 · Other obligations

Debts and mortgageInclude only the debt payoff you intend the benefit to cover. Avoid counting the same payments again in income replacement.Education fundingFinal and transition costs

3 · Available protection

Available liquid assetsLiquid assets truly available for these obligations, excluding cash committed to other purposes.Existing life coverageExisting death-benefit coverage available to the household, not policy cash value.

Illustrative educational estimate. Returns and outcomes are not guaranteed.

READY WHEN YOU ARE—

Define the obligations, subtract available assets and coverage, then review and save the gap. Enter 0 for amounts that do not apply.

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HOW TO USE THE RESULT

Life insurance should cover a defined financial gap

The useful starting point is not a multiple of salary. Add the obligations and income replacement the household would need, then subtract assets and existing coverage that are truly available for that purpose. The remaining gap is an estimate to test before comparing policy types.

Should the mortgage be included?

Include the amount the surviving household would actually need to keep or replace the home. Full payoff is one option, not an automatic requirement.

Do both spouses need coverage?

A nonworking or lower-earning spouse can still provide childcare, household management, benefits, and future earnings that would be expensive to replace.