Insurance Planning
Insurance Coverage Calculator
Calculate how much coverage you need based on assets, liabilities, and dependents.
🏠 Assets & Liabilities
Total Assets
$
Home, investments, savings, etc.
Total Liabilities
$
Mortgage, loans, credit cards, etc.
👨👩👧👦 Dependents & Income
Number of Dependents
Annual Income
$
📊 Coverage Parameters
Years of Income Replacement
How many years to replace income
Inflation Rate
%
Expected annual inflation
Coverage
0%
Recommended Coverage
$0
total insurance needed
Income Replacement
$0
Debt Coverage
$0
Education Fund
$0
Total Coverage Needed
$0
📊 Coverage Breakdown
| Component | Amount | % of Total |
|---|
How the formula works
Coverage = (Income × Years × Inflation Factor) + (Debt − Assets) + (Dependents × Education Cost)
- Income Replacement = Annual Income × Years × (1 + Inflation)^Years
- Debt Coverage = Total Liabilities − Total Assets (if positive)
- Education Fund = Dependents × $50,000 per child (adjusted for inflation)
- Total Coverage = Income Replacement + Debt Coverage + Education Fund
- Net Asset Gap = Liabilities − Assets (minimum coverage requirement)