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Money Tools

Life Insurance Coverage Calculator

Estimate how much financial protection your family may need if your income suddenly stops.

Start with the risk, not the product. This tool estimates a protection gap, not a premium or policy recommendation.

Family Situation

Include children, spouse or partner, parents, siblings, or anyone who may rely on your income.

How many years should your family receive support if your income stops?

Income Replacement

Use the amount your household would need to replace, not necessarily your full gross salary.

Many families may not need to replace 100% of income, but they still need enough for housing, food, school, utilities, transport, and family support.

Debts to Pay Off

Include loans your family may still need to pay, such as a condo amortization, car loan, credit card balance, or personal loan.

Children’s Education Fund

Use a simple estimate for tuition and school-related costs. You can adjust this based on your family's plan.

Final Expenses & Transition

Funeral, legal, estate, and other immediate expenses.

Food, rent or amortization, utilities, groceries, transport, medicine, and family support.

This gives your family breathing room while they adjust, process claims, or reorganize expenses.

Existing Protection

Include life insurance policies you personally own.

Employer life insurance is helpful, but it may not stay with you when you change jobs.

Include employer-provided coverage in my available protection

Off by default. Employer coverage may not be permanent.

Cash, savings, money market funds, MP2, UITFs, mutual funds, stocks, or other assets your family can realistically access.

We don’t store any of this.

Understanding this calculator

This calculator is an estimate only. It is not financial advice, insurance advice, tax advice, or a product recommendation. Actual insurance needs depend on your family situation, health, policy terms, exclusions, budget, and long-term goals. Speak with a licensed financial professional before buying insurance.