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Living Prepared, LLC

Life Insurance Needs Calculator

Most rules of thumb (10-12x income) underestimate the needs of affluent families and business owners. This calculator accounts for income replacement, estate tax liquidity, business succession obligations, debt payoff, charitable goals, and existing resources.

1. Income Replacement
$
2. Estate and Business Obligations
$

Leave blank if your estate is below the federal exemption ($15M per person, $30M per couple, 2026)

$
3. Debts
$

Amounts you would want paid off so they never land on your family.

4. Goals

Funds you want your policy to provide beyond replacing income and clearing debt.

Used to size the inheritance goal below.

College funding

$

One total for all children. Not sure of the number? Use the full College Funding calculator to estimate it, then enter the total here.

College funding goal: $0

Use the full College Funding calculator →

Inheritance for children

$

Inheritance goal (0 children): $0

Charitable legacy

$
5. Existing Resources
$
$

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