Insurance Cover Requirement Calculator
Find out how much life insurance cover your family actually needs to maintain their lifestyle and financial security.
What this Insurance Cover Requirement Calculator does
This calculator helps you understand how much total insurance coverage you may need across different life situations. It is designed to move the conversation from “how much premium can I pay” to “how much protection do I actually need.”
How coverage requirement is calculated
The calculator evaluates future financial obligations, existing assets, and current insurance coverage. It focuses on closing the protection gap rather than selling products.
Required Coverage = Future Needs − Current Coverage − Existing Assets
Why guessing coverage is risky
Choosing coverage without a structured approach often leads to either over-insurance or dangerous under-insurance. This calculator provides a rational starting point.
Using this insight wisely
The result helps you understand whether your current insurance setup is sufficient. It should be used as a planning guide, not as a replacement for professional advice when needed.