Life insurance amount calculator
“What amount should I buy?” sounds like one number. In practice, it is a range with a few decisions attached. This page turns the coverage need into a low, mid, and high planning amount, then lets you see what happens after existing coverage is counted.
The amount is not a binding target. It is a way to move from vague worry to a list you can examine.
Coverage tally
Your planning range
Audit of your tally (midpoint)
| Planning range (midpoint) | — |
When this page helps
You already know the household facts and need a range to discuss; you are deciding whether $250k, $500k, $750k, or $1M policy increments are even in the right neighborhood; or you need to review existing policies before a term renewal.
When it does not
Do not round a planning result up or down solely because a carrier's product menu makes one amount convenient. The household plan should lead the number, not the other way around.
Rounding for review: a $730k–$920k range Household may examine $750k and $1M face amounts later while keeping the obligation list intact
$1.05M mid need minus $300k existing coverage $750k planning gap A review amount, not an automatic instruction to purchase a $750k policy.
Common traps
Compare the next question
Questions
List the obligations you want coverage to address, estimate income replacement, then compare that DIME-style total with an income-multiple check. Subtract only coverage that would reliably remain in force.
Related
This is a planning estimate, not insurance, legal, tax, or investment advice, and not a recommendation to buy a policy.