Financial tools
LIFE Insurance Needs Calculator
Estimate liabilities, income loss, final expenses, and education or dependent costs, then separate temporary and permanent coverage layers.
Plain-language guide
How much life insurance might my household need?
How this estimate works
The LIFE framework totals liabilities, income loss, final expenses, and education or dependent costs. Existing resources offset only the temporary or permanent layer assigned to them.
Important: This is an educational estimate, not individualized financial, investment, tax, legal, insurance, or business-valuation advice.
Common questions
- What does LIFE stand for in life insurance planning?
- LIFE stands for liabilities, income loss, final expenses, and education or dependent costs.
- Why separate term and permanent needs?
- Time-limited obligations and lifelong obligations may have different durations, so the calculator keeps their needs and existing offsets separate.
- Does the calculator recommend Whole Life or IUL?
- No. It provides user-controlled educational comparisons and planning-fit checkpoints; it does not model premiums, underwriting, policy performance, taxes, or suitability.