Use this calculator to estimate how much life insurance coverage you may need. Adjust each slider — results update instantly.
Income & Timeline
Annual Income
$250,000
$250,000
$50K$2M
Years of Income to Replace
15 years
15 years
5 yrs30 yrs
Debts & Liabilities
Total Debts (mortgage, loans, obligations)
$500,000
$500,000
$0$5M
Business & Existing Assets
Business Value (if applicable)
$0
$0
$0$10M
Existing Life Insurance Coverage
$0
$0
$0$5M
Retirement Savings & Assets (401k, IRA, investments)
$0
$0
$0$5M
ⓘ Existing retirement assets can reduce your life insurance need dollar-for-dollar.
Additional Planning Goals
Select all that apply — each adds a planning buffer to your estimate.
Your Estimated Coverage Needs
Income Replacement—
Debt Coverage—
Business Protection (50% of value)—
Estate & Legacy Buffer (15%)—
Less: Existing Life Insurance—
Less: Retirement Assets—
Estimated Total Need—
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Important Disclosure: This calculator provides general educational estimates only. It is not a personalized recommendation, quote, or investment advice. Individual needs vary significantly based on health, lifestyle, financial obligations, goals, and other factors. Results should not be relied upon as a substitute for a comprehensive financial analysis by a licensed professional. Consult a licensed life insurance specialist, financial planner, and/or attorney before making any coverage decisions. Insurance services offered through Russell Moran Enterprises, Inc. DBA Russell Moran Agency. Licensed in TX, FL, NC, SC, TN.