Life Insurance Needs Analysis Calculator

Who are you planning for?

Enter amounts in dollars. Blank money fields count as $0. Results update as you type.

Plan for their education

Choose savings available for this plan

Enter each balance once. Then enter the amount you would use toward needs. Amounts to use cannot exceed their balances. Retirement taxes, penalties and ownership restrictions are not calculated; use only amounts realistically available after those costs.

Emergency savings are entered separately and excluded unless you choose an amount to use. Do not include them in the other account balances.

What should be paid off?

Household debt totals apply to either death scenario. Enter the amounts you want paid off, including student loans only if you want insurance to cover them.

Provide for the people you love

Income replacement = the deceased person's monthly income before tax × the months selected for their survivor. In Single mode, this supports your dependents or beneficiaries. No investment return, tax adjustment or income inflation is assumed.

For each gift, select Yes and enter the total amount across all recipients. Shared gifts and college funding are included in each alternative death scenario, not added twice into one scenario.