Life insurance needs calculator
Add up what your family would need to cover, subtract what they would already have, and see the gap, if any.
Obligations and resources
How this is calculated
Total needs = mortgage + other debts + education + final expenses + (annual income × years). Gap = total needs − (assets + existing coverage), never below zero.
Assumptions: no investment return or inflation on the lump sum, no taxes, no Social Security survivor benefits, and no change in your family’s spending. Policy type, cost, and underwriting are not considered. Different policy types such as term and whole life carry different costs and trade-offs.
Common questions
How does this life insurance needs calculator estimate a coverage gap?
It adds debts, income replacement needs, and final expenses, then subtracts available assets and existing coverage. The result is an educational starting point, not an insurance quote or a recommendation to buy that amount.
Does a life insurance estimate tell me which policy to buy?
No. Policy suitability depends on your needs, budget, underwriting, exclusions, benefits, and contract terms. Confirm what coverage is already in force and discuss the estimate with an appropriately licensed insurance professional.
Sources and verification
- FINRA BrokerCheck
Search a broker or firm’s registration and disclosure history. A directory link is not a claim that a particular registration is current.
- SEC Investment Adviser Public Disclosure
Look up investment advisers, registration information, and available disclosures. Ask Keith about his current role, licenses, fees, and any applicable firm disclosures.
These sources provide general education or public records, not an endorsement of Luparius. Luparius is not affiliated with Social Security, Medicare, or the SEC.
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Published by Luparius Asset Management & Brokerage in Park City, Utah. Meet Keith Lamb, President and CEO, and ask about current services, fees, and applicable disclosures.
Educational content, not individualized investment, tax, or legal advice. Calculations are hypothetical; investment results and future income are not guaranteed. Dated videos may not reflect current rules or product terms.