Enter your income, debts, and coverage goals to calculate a recommended coverage amount using the income replacement method — the most widely used approach.
Income Information
Your current gross annual income
Typically until youngest child is 25, or retirement
Expected annual return on lump-sum investment (conservative = 4–6%)
Debts and Obligations
Existing Resources
Note: Employer coverage is typically lost if you change jobs
Recommended Additional Coverage
Income PV (replacement)
Mortgage payoff
Other debts
Final expenses
Education fund
Subtotal need
Existing insurance
Savings / investments
Employer coverage
Coverage gap (buy this much)
This is an educational estimate only. Actual insurance needs depend on your specific financial situation. Consult a licensed insurance professional for a personalized recommendation.