Coverage gap calculator
Work out roughly how much life insurance coverage your family might need, and how far your savings and existing coverage go.
What this estimate assumes
- This is a starting point for thinking about how much coverage your family might need, not a recommendation.
- Income replacement is your annual income multiplied by the years of support, in today's dollars.
- Final expenses use $8,300. The default of $8,300 is the NFDA 2023 median funeral cost; change it to match your own situation.
- It ignores taxes, inflation, employer benefits and investment returns.
- If your savings and existing coverage exceed the need, the gap is shown as 0, never as a negative number.
- This is not financial, insurance or legal advice and it is not a quote.
These are estimates, not a quote. They are for general information only and are not an offer of coverage. Your actual numbers depend on your situation.