Life changes fast. Your coverage should keep up. Use our Family Protection Needs Calculator to size your safety net in minutes—then take action.
Start With the Essentials
-
Debt: Add car loans and any other outstanding balances so your family isn’t left with bills.
Income: Multiply your annual income by 10 to maintain household stability during a critical decade.
Mortgage: Include your remaining balance to keep your family in their home.
Education: Estimate $250,000 per child to preserve college options and future flexibility.
Your total gives you a clear target for term life insurance and a baseline for broader planning. Use it to compare policies, set milestones, and prioritize what matters most.
Next Steps
Price coverage options and align term length with your youngest child’s graduation timeline.
-
Pay down high-interest balances to lower your target over time.
Reassess after major milestones—new baby, home purchase, raise, or debt payoff.
Run the numbers now: Family Protection Needs Calculator
This tool is a starting point, not advice. Combine it with your budget, emergency fund, and estate plan to build a complete, resilient strategy for your family.
STEP 1: Debt
STEP 2: Income Replacement
× 10 yearsExample: $75,000 annual income × 10 years = $750,000
STEP 3: Mortgage
STEP 4: Education Expenses
× $250,000 per childExample: 2 children x $250,000 = $500,000
TOTAL COVERAGE NEEDED
$0
$0