Life Insurance Needs Calculator
A simple way to size life insurance is to add up what your family would have to pay without you: debts, the income they rely on for a number of years, the mortgage, education and final expenses. Then subtract the savings and life insurance you already have.
Figures checked October 15, 2026 · free, no sign-up
Calculator
Fill in the form to see your estimate. It updates as you type.
Estimate only, using the published figures listed under Sources. It is not a quote, an eligibility decision or advice. Your inputs stay in your browser: nothing is sent or saved, and you never need to share contact details to see a result.
Frequently asked
Sources & methodology
- NFDA (trade association) — Statistics: 2023 median funeral costs
- Life Happens / LIMRA (industry study) — 2026 Insurance Barometer
- IRS — Life insurance & disability insurance proceeds (FAQ)
The calculation runs entirely in your browser with the year-labelled figures from the sources above, and updates as you type. We don’t send, store or log anything you enter. We check these figures against the sources whenever CMS, the IRS or HHS publishes a new year.
Compiled by the McDowell Business Resources Data Desk. Last reviewed: October 15, 2026.
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McDowell Business Resources is not affiliated with or endorsed by the U.S. government, the federal Medicare program, or CMS.
This page is general education, not insurance, tax, legal or investment advice. Figures are dated where shown and can change; your situation may differ, and product availability varies by state and carrier. McDowell Business Resources (MBR Insurance & Financial Services) is an independent agency, not an insurance carrier.