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Insurance Needs Calculators

Understand your insurance needs. Make your own decisions. Take control of your future.

How much life, disability, and long-term care insurance does your family actually need? Estimate coverage and illustrative monthly costs — then see it all in one summary.

Gender (for pricing)
Health
Your age
1875
$
$80,000/yr · $6,667/mo · $38.46/hr
Years to replace income
530
Dependents (children)
08
College fund per child$
$0$250,000+
Mortgage balance$
$0$1,500,000+
Student loans$
$0$300,000+
Other debt$
$0$200,000+
Final expenses$
$0$50,000+
Emergency fund for family$
$0$200,000+
Existing life insurance$
$0$5,000,000+
Recommended coverage
$2.19M
Total need $2.19M − existing
20-yr term (popular)
$161/mo
How we got there
Income replacement (20 yrs)$1,600,000
College fund$200,000
Debt payoff$350,000
Final expenses$15,000
Emergency fund$30,000
Total need$2,195,000
Illustrative monthly cost
10-yr term
$119
20-yr term
$161
30-yr term
$214
Whole life
$1,605
Save results
How this is calculated

We size your life-insurance need from the income, debts, and future costs your family would have to cover, minus what you already have.

The steps

  1. Add up income to replace (years × annual income), outstanding debts, and big future costs (e.g. college).
  2. Subtract existing savings and current coverage.
  3. The remainder is your suggested coverage gap.

Assumptions

  • An income-replacement / DIME-style approach with inputs you provide.

Good to know

  • A rule-of-thumb estimate; doesn’t replace a full needs analysis.

Related resources

Educational disclaimer: All content on WealthSerene.com is for educational purposes only and does not constitute investment advice. Projections and calculations are illustrative — actual results will vary based on market conditions, your specific situation, and many factors outside this tool’s scope. Always consult a qualified financial professional for advice specific to your situation. View full disclosures →