Insurance & Planning
Life Insurance Needs
Coverage needed to replace income and clear obligations.
Your numbers
Coverage gap
$1,074,471
- Income replacement (present value)
- $889,471
- Debts + education + final
- $335,000
- Offset by existing assets
- $150,000
This covers income replacement and debts. It does not price the policy itself, and it does not account for group coverage through work that may end the day the job does.
Life Insurance Needs explained simply
Life insurance is a promise to take care of your family with money if you're not there. This estimates how big that promise should be.
For example
Add up the debts you'd leave behind, years of income your family needs, and future college costs, then subtract savings you already have.
Words on this page
Want a second set of eyes on these numbers?
These calculators are estimates for planning purposes and don't account for every detail of your situation. Bring your results to us and we'll pressure-test them against your actual tax picture.
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