Insurance Needs Calculator
Analyze your life, disability, and health insurance needs to ensure comprehensive financial protection for you and your family.
Personal Information
Financial Details
Children & Education
Insurance Preferences
Percentage of income to replace if disabled
Life Insurance Analysis
Immediate Needs
Future Needs
Existing Assets
Estimated Annual Premium
$932.529Based on term life insurance for 20 years coverage
Disability Insurance Analysis
Disability Insurance Features
Risk Assessment
Increase life insurance coverage by $1,765,057.376
Consider term life insurance for cost-effective coverage
Build emergency fund by $2,000
Health Insurance Considerations
Health Insurance Tips
- • Consider HSA-eligible high-deductible plans for tax advantages
- • Ensure adequate coverage for family members
- • Review network providers and prescription coverage
- • Plan for potential medical emergencies and chronic conditions
Understanding Insurance Needs
Life Insurance
Human Life Value
Present value of future earnings that dependents would lose if you died.
Needs Analysis
Calculate specific financial needs including debts, expenses, and future costs.
Term vs Permanent
Term is cheaper for temporary needs; permanent provides lifelong coverage and cash value.
Disability Insurance
Income Protection
Replaces 60-80% of income if you become unable to work due to illness or injury.
Short vs Long Term
Short-term covers 3-12 months; long-term can provide benefits until retirement.
Own Occupation
Best coverage pays if you can't perform your specific job, not just any job.
Health Insurance
Coverage Types
HMO, PPO, EPO, and HDHP each offer different cost and flexibility trade-offs.
Deductibles
Higher deductibles mean lower premiums but more out-of-pocket costs when you need care.
HSA Benefits
Health Savings Accounts offer triple tax advantages with high-deductible plans.