Most life-insurance calculators just multiply your income by 10. This one adds up your household's real obligations, income replacement, and future goals, then subtracts what you already have, so you understand the financial problem coverage needs to solve, not just a generic number.
Who would be financially affected, and for how long you'd want them supported.
How much of your household's income or contributions would need to be replaced.
Not every debt necessarily needs to transfer to survivors. Include what you'd want paid off to protect your household's financial stability.
Costs and goals you'd want covered beyond day-to-day income replacement.
What's already available to your survivors. Some assets are included only if you choose to, since your family may not want a survivor to have to liquidate them.
We won't count these unless you choose to include them. Many families prefer that a surviving spouse not have to touch retirement savings, sell the home, or drain an emergency fund.
Fill in your numbers above, then select "Calculate My Coverage Need" to see your results.
Let us know if this tool was useful, it helps us know what to keep improving.
Thanks for letting us know!