Utility Stack
Free insurance calculator
Estimate how much life insurance coverage may be needed for income replacement, debts, and family obligations.
Coverage result
Enter coverage details to estimate need.
Estimate only. This is not insurance or financial advice. Coverage needs depend on your health, family situation, estate planning, tax considerations, employer benefits, and policy terms not captured here. Speak with a licensed insurance professional before purchasing a policy.
Enter income replacement years, debts, mortgage, education costs, final expenses, savings, and existing coverage. The calculator estimates the remaining coverage gap.
Start with the obligations you would want covered if income stopped suddenly, then subtract resources your family could realistically use. The result is not a recommendation to buy a specific policy; it is a planning number to help you ask better questions.
Many households use term life insurance to cover years when dependents rely on income, a mortgage, childcare, or education funding.
A term policy is often matched to the years when the need is highest, such as while children are young, a mortgage is large, or one partner's income supports most of the household. The amount may change over time as savings grow and debts shrink.
It does not include estate planning, special-needs planning, tax strategy, business ownership, policy riders, or permanent insurance cash value.
Employer-provided life insurance can also be temporary because it may end when employment changes. If you count workplace coverage as an offset, check whether it is portable, how much it costs after leaving the employer, and whether the amount is enough by itself.
Common mistakes include counting only income and forgetting childcare or caregiving work, ignoring final expenses, assuming a spouse can immediately replace lost income, or buying coverage without naming and reviewing beneficiaries.
Another mistake is treating the calculator result as permanent. Review coverage after major life changes such as marriage, divorce, a new child, a home purchase, a major debt payoff, or a large change in savings.
Ask how much coverage is appropriate, how long the term should last, what exclusions apply, whether riders matter, and how premiums change if your health or age changes. For complex estates, business ownership, or special-needs planning, use this estimate only as a starting point for a qualified professional conversation.