Insurance agents often oversell coverage; buyers have no independent way to check the real number.
Calculating your real coverage number from income, debts, and dependents gives you a way to check an agent's quote instead of just trusting it.
Backed by a 30-day money-back guarantee. If it is not useful, we will refund it, no questions asked.
An agent's quote is built to sell a policy, not to show you the math behind it — and without doing that math yourself, you have no way to know if the number is right for your situation.
List each coverage factor as its own row — income replacement, outstanding debts, future costs like college, and final expenses — mark existing assets and coverage as reductions, and the sheet runs a live total of only the rows you've marked to include.
We built this after noticing “how much life insurance do I need” gets answered with a rule of thumb or an agent's quote, and almost never with the buyer's own numbers.
— DaveWays
Built from your own income, debts, and dependents, not a generic multiple of your salary.
Current policies and assets reduce the total automatically once marked to include.
Run the math yourself before you sit down with anyone selling a policy.
Does this replace talking to an agent?
No, it gives you an independent number to bring into that conversation, not a replacement for one.
What if I don't have all the numbers yet?
Start with rough estimates and refine them; the total updates automatically as you edit any row.
Does it account for term vs. whole life?
No, it calculates how much coverage you need, not which policy type; that's a separate decision.
Want more tools like this? Browse every Personal Finance tool.
Life Insurance Needs Calculator (Free Preview) — download a condensed version free, no purchase required, to see if it's a fit before you buy.
Life Insurance Needs Calculator is $15.99 USD, one-time payment, instant delivery, no subscription. Covered by our 30-day money-back guarantee. See our refund policy and terms.
