Estimate Protection Amount

How much money would you want available to your family?

Most people don’t know how much money they want available to the people they love if death or a terminal illness changed everything.

That question can feel uncomfortable or daunting.

So this check starts with something more practical: the income your family already uses.

From there, you choose how many years you want to provide support and enter amounts for debts, education, and other family needs. You can also factor in existing savings and life insurance coverage available to your family.

Family Protection Amount Calculator

How to Use

Start with your current after-tax monthly income — the income your household already uses for housing, transportation, food, child care, and other expenses of daily life.

This is not only a math question. It is also a love, responsibility, and peace-of-mind question.

Enter debts or obligations you would want paid, reduced, or made easier for the people you love.

Enter an amount you may want available for education of your children or other loved ones.

Enter any additional expenses, gifts, or family support you want considered.

Enter savings, investments, or other assets you would want available to help support your family if death or a terminal illness changed everything.

Enter any current life insurance coverage already in place, including employer-provided coverage and personally owned policies.

Estimated Family Protection Amount

This is the total amount you may want available for your family before deducting existing savings or life insurance coverage.

Estimated Family Protection Gap

This is the amount remaining after deducting the savings and life insurance coverage entered. Life insurance may be one way to help provide some or all of this gap.

Want a Family Protection Check report based on these numbers?

Important Disclosures:

This calculator provides a simplified estimate of a possible family protection amount based on the information entered. It is not a financial plan, insurance needs analysis, quote, policy illustration, offer of insurance, or recommendation to buy coverage. The amount shown is a starting point and may not reflect your actual insurance needs, financial situation, existing assets, income sources, liabilities, estate planning goals, tax considerations, or other individual circumstances. Life insurance may be one way to help provide some or all of this amount, but it may not be appropriate for every person or situation. Please consult a licensed insurance professional in your state of residence to discuss your individual situation, available options, and whether life insurance may be appropriate for your needs.