Life Coverage Calculator

A life coverage calculator estimates how much term insurance cover you need using the income-replacement method: it multiplies your annual income by a factor based on your age (accounting for how many working years are left to replace) and adds any outstanding liabilities like a home or car loan.

The goal is to leave your dependents enough to replace your income and clear existing debts if you're no longer around — not to guess a round number, which is how many families end up underinsured.