A little clarity, hands-on
Life insurance needs calculator
Build a transparent starting point from income, years, obligations and existing resources.
15 years
Your planning starting point
$1,025,000
Illustrative additional coverage need—not a policy recommendation or a premium quote.
$60,000 × 15 years
+ $325,000 in obligations
− $200,000 in resources
How this works: annual support × years + selected obligations − available assets − existing coverage, with a floor of zero. This simple model does not discount cash flows or adjust for inflation, investment returns or taxes. Avoid double-counting debt payments in both annual support and debts. An employer policy may not be portable. No calculator inputs are submitted to Mave.
Using this tool
What does this life insurance calculator estimate?
It estimates an additional benefit using annual support, duration, obligations and resources you choose. It does not account for every tax, inflation or investment assumption and is not a premium quote.
Why can my life insurance estimate be zero?
Your entered resources and existing coverage may equal or exceed your entered needs. Confirm that those resources are actually available for the intended purpose before drawing a conclusion.