Life Insurance Calculator
Estimate how much life insurance coverage may be needed to replace income, clear debts, fund education and protect your family’s financial future.
Enter annual income and the number of years your family may need support.
Add mortgage, debts, education and final expenses.
Deduct savings and existing life insurance to estimate the coverage gap.
This calculator uses a needs-based method. Income replacement is estimated from annual income, support years and the optional inflation adjustment. It then adds debts and future expenses and subtracts savings and existing coverage. It does not estimate insurance premiums or account for taxes, investment returns or policy-specific conditions.
How much life insurance do I need?
A common starting point is enough coverage to replace income, pay major debts and fund key family goals after subtracting available assets.
Should I include my mortgage?
Include the amount you would want paid off so your family can remain in the home without the mortgage burden.
Does this calculator estimate monthly premiums?
No. Premiums depend on age, health, policy type, term length, insurer underwriting and other personal factors.
Results are estimates generated locally in your browser using standard financial formulas and the figures you enter. They are for informational purposes only and are not financial, credit, tax or legal advice. Actual offers, rates, fees and eligibility vary by provider. VisionVix accepts no liability for decisions based on this tool's output.
This calculator is for educational and planning purposes only. It does not provide insurance, financial, tax or legal advice. Actual coverage needs and policy costs may differ.
