Life Insurance Calculator - How Much Do I Need?

... a simple income replacement calculator and another that considers additional variables.
If you're not sure of where to begin, give us a call, toll-free at 855-247-9555. Our licensed agents offer at least 10 years of experience and we represent more than 50 top-rated life insurance providers.
- Simple Income Replacement Method - Calculate a percentage of your income you need replaced for a specified period of time, for your family to live comfortably. Use this calculator for a simple income replacement calculation.
- Multiple Variable Approach - Calculate the amount it will take to replace your income, pay for funeral and final expenses, and include money to pay off debts (such as a mortgage) and college needs. Then subtract the total amount required by your current assets and life insurance. Use this calculator for multiple variables.
Here’s what we'll cover in this post:Quick Article Guide
Life Insurance Calculator (Multiple Variables)
This calculator factors in many variables to help you determine the amount of life insurance you need, including:
- Paying off your mortgage and other debts
- College needs
- Final expenses
Income Replacement (Only) Calculator
While many professionals recommend that you carry 5 to 10 times your salary in life insurance, we find the following calculator to be a more accurate predictor of your life insurance needs.
Most peoples' family would live comfortably on less than 100% of their income.
That's what makes this calculator so powerful. It allows you to choose a percentage of your income to replace and how long it's needed.

Chris Huntley
Co-Founder
Chris is a co-founder of JRC Insurance Group. Prior to founding JRC, he owned his own agency, and he has been a licensed life insurance agent since 2014. Chris is a die-hard San Diego Padres fan, and in his spare time he enjoys reading, ping pong, poker, and spending time with his wife and three daughters.
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Looking to purchase policy for spouse
Thank you for visiting JRC’s life insurance website. We'll be glad to help you shop for life insurance for your spouse. Call JRC at (855) 247-9555 and an agent licensed for your state will gather the information to email price comparisons for highly rated companies for the amount of coverage you need to protect your financial future.