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.

[BYLINE TBD — LLQP reviewer]Method last updated August 2026 · Planning estimate, not advice or a quote

Before tax — the income your family would need replaced

Until the youngest could manage without it — 10 is a common start

The balance someone would have to carry or clear

Loans, credit, the car — everything that wouldn’t disappear

Education, childcare, final expenses — your number, not an average

Savings plus any life insurance in place — group coverage counts

Your estimated need
$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
Quote this amount

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.

Take this into a quoteBook a call
LR
Licensed advisorsAny advice about a policy comes from a licensed advisor
  • Refines the estimate to your real situation
  • Independent across 21 carriers
  • Tells you if it’s more than you need