Family Protection Calculator
Calculate the total life insurance your family needs for complete protection — income replacement, mortgage, education funding, and final expenses in one calculation.
Part of our Insurance Calculators collection.
Family Protection Calculator
Free online calculator
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How to Use This Calculator
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Enter your personal details and financial information.
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See the estimated cost or coverage need instantly.
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Adjust inputs to compare different scenarios.
How This is Calculated
Income Need = Annual Income × 0.70 × Years Until Youngest Turns 18 Education = $50,000 × Number of Children Final Expenses = $15,000 Total = Income Need + Mortgage + Education + Final Expenses Recommendation: Round up to nearest $100,000 for clean coverage amount.
Example Calculation
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Inputs
Result
Enter values above for your estimate
Results update as you enter your information.
Frequently Asked Questions
Does my spouse need life insurance too?
Yes, even if they don't work. A stay-at-home parent provides childcare, household management, and other services worth $150,000–$200,000/year to replace. The surviving working parent would need to pay for these services while maintaining their career.
How often should I review my coverage?
Review life insurance after major life events: marriage, divorce, new child, home purchase, income change, or every 3–5 years. Your needs change significantly over time.