Guide
How much life insurance do you need?
An interactive calculator and the logic behind each component: income replacement years, liabilities, education costs, and your current assets.
Most people calculate by totaling how many years of income to replace, then subtracting existing resources. Exactness isn't required: term policies come in round amounts, and the goal is a number that sustains the household through the critical years.
Coverage estimate
Estimate = income × years + debts + education − existing coverage, rounded to the nearest $5,000. This is a starting point only, not financial advice.
Why those inputs
Income years. Advisors typically recommend ten to twenty years of income replacement. The right span for your household depends on dependent ages. Redlands families with young children often lean longer, as childcare, housing, and schooling expenses cluster during those years.
Debts. Mortgages represent the biggest liability for many households. Setting coverage equal to the balance gives survivors the choice to stay, not the obligation to leave due to income pressure.
Education. Estimate per-child tuition costs in current dollars. Adding it to your base calculation now is simpler than buying another policy later.
What you have. Liquid savings and workplace group insurance both count here. Since group coverage terminates with the job, many include only a fraction of it.
Once you have a figure in mind, the quote tool displays costs from each carrier across 10 to 30-year terms. Many choose higher amounts than calculated because the monthly cost is modest when you're younger.