Needs calculator
How much life insurance do you actually need?
Coverage isn’t a guess. It’s four honest numbers — replace your income, clear your debts, fund the futures that matter, then subtract what you already have. Adjust anything; the total updates as you go.
Your estimated needQuote this amount
$1,150,000
A grounded starting point — round to what feels comfortable.
Income replacement$750,000
Mortgage$320,000
Other debts$25,000
Future goals$100,000
Already covered−$50,000
An estimate for planning — not advice. Your advisor can refine it.
The method, in plain sight
Why these four numbers
Replace income
The years your household would lean on your paycheque, times what you actually bring home.
Clear debts
The mortgage and anything else that would otherwise fall to someone you love.
Fund futures
Education, childcare, a final-expenses cushion — the plans you’d want kept.
Subtract savings
Group coverage and savings already in place come off the top — you don’t double-buy.
Want a second opinion on the number?
An advisor will sanity-check it with you.
The calculator gets you a grounded figure. A licensed advisor can factor in the things a form can’t — and tell you plainly if it’s more than you need.
GK
Gautam KhoslaLLQP-Licensed Advisor · KLC Group
- Refines the estimate to your real situation
- Independent across 21 carriers
- Tells you if it’s more than you need