Life Insurance Needs Calculator

How Much Life Insurance Might You Need?

Answer a few simple questions to get a general estimate of the amount of life insurance your family may want to consider.

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Takes just a few minutes. No medical information is required.

Build Your Estimate

Start with the financial responsibilities you want to protect.

Adjust the sliders or type your own amounts. Your estimate will account for income replacement, debts, future expenses, existing life insurance, and available non-retirement savings and investments.

Annual Income

How much annual income would your family need to replace?

$75,000

Years of Income Replacement

How long would you want your income to help support your family?

10 years

5 years 20 years

Mortgage Balance

Approximate amount currently owed on your home.

Other Debts

Auto loans, credit cards, student loans, personal loans, and other obligations.

Future Family Expenses

Consider college, childcare, caregiving, or other significant future needs.

Existing Life Insurance

Include personally owned coverage and life insurance provided through work.

Available Non-Retirement Savings & Investments

Include non-retirement assets your family could reasonably use toward these financial needs.

Estimated Final Expenses

We automatically include a general allowance for funeral, burial, medical, and other immediate expenses.

$20,000

Your Calculation

Your estimate updates as you go.

Here's what is currently being considered in your calculation.

Income Replacement $566,260

Income replacement assumes the remaining benefit earns 8% annually while income withdrawals increase 3% annually for inflation.

Financial Obligations $20,000

Existing Coverage & Non-Retirement Assets $0

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Your estimated need is ready.

Complete the short form below to see your estimated coverage amount and calculation breakdown.

Company

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Advisor ID

this member ID would be the advisor who business it being referred to. memcid (stp infusionsoft)

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Advisor First Name

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Advisor Last Name

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Advisor Email

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Advisor Scheduling Link

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Advisor Full Name

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Advisor Cell Phone

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Advisor Code

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Advisor Signature

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Company Disclosure

Investment Advisory services offered through PKS Advisory Services, LLC, DBA RMJ Advisory, an SEC Registered Investment Advisory firm. Headquartered at 80 State Street, Albany, NY 12207. Securities offered through Purshe Kaplan Sterling Investments, Member FINRA/SIPC. Headquartered at 80 State Street, Albany, NY 12207. This message contains confidential information and is intended for the recipient. If you are not the intended recipient you are notified that disclosing, copying, distributing or taking any action in reliance on the contents of this information is strictly prohibited. Email transmission cannot be certified to be secure or error-free as information could be intercepted, corrupted, lost, destroyed, arrive late or incomplete, or contain viruses. The sender therefore does not accept liability for any errors or omissions in the contents of this message, which arise as a result of any email transmission sent or received. If verification is required, please request a hard-copy version.

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Contact Tag

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Submission Date

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Calculator Version

Your Calculation Is Ready

See your estimated life insurance need.

Enter your name and email below to view your estimated coverage amount and calculation breakdown.

Full Name(Required)

First Last

Email Address(Required)

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Annual Income

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Income Replacement Years

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Income Replacement Total

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Mortgage Balance

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Other Debts

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Future Family Expenses

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Estimated Final Expenses

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Existing Life Insurance

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Available Non-Retirement Savings and Investments

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Raw Estimated Need

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Rounded Estimated Need

Your information is used to provide your estimate and help connect you with an RMJ representative who can answer questions about your coverage options.

Understanding Your Estimate

A starting point for a bigger conversation.

Life insurance needs can change as your income, family, debts, assets, and long-term goals change. This calculator is designed to give you a simple starting estimate rather than a personalized insurance recommendation.

Learn more about life insurance coverage options →

This calculator is provided for general educational and informational purposes only. The estimate produced does not constitute a recommendation to purchase a particular amount or type of life insurance. Actual insurance needs may be higher or lower depending on individual circumstances, taxes, inflation, available benefits, business obligations, estate considerations, policy features, and other financial factors. Life insurance products, rates, features, benefits, and availability vary by carrier, state, underwriting, eligibility, and individual circumstances.