Coverage gap
$1,575,000
Need after existing savings and coverage.
Planning Tools
Calculator
Life Insurance Needs Calculator
Estimate a survivor-support coverage gap using income replacement, household obligations, education goals, existing savings, and current coverage.
Insurance PlanningFamily WealthRisk Management
Coverage Estimate
Survivor protection gap
Additional coverage to review
$1,575,000
Modeled coverage gap is $1,575,000 before rounding into a review range.
Review range
$1,425,000 - $1,750,000
Rounded range around the midpoint estimate.
Resources
$1,250,000
Savings plus current life insurance.
Estimate View
Review the coverage components, resource offset, and assumptions behind the range.
Need built from
- Net income support
- $1,620,000
- Care and household support
- $180,000
- Mortgage and other debt
- $700,000
- Education and final expenses
- $325,000
- Estimated total need
- $2,825,000
Resources subtracted
- Savings available
- $250,000
- Existing life insurance
- $1,000,000
- Total existing resources
- $1,250,000
- Additional coverage gap
- $1,575,000
How to use this tool
Use the estimate to frame survivor support.
01
Model one household scenario
Start with the support survivors could realistically need, then adjust the support years, obligations, and resources to test a second scenario.
02
Separate needs from resources
The estimate builds the household need first, then subtracts savings and current life insurance that survivors could realistically use.
03
Treat the range as a review target
The result is a planning checkpoint, not a policy recommendation. Term length, underwriting, ownership, beneficiary designations, and estate context still matter.
About this model
A survivor support estimate, not a policy recommendation.
This calculator organizes a survivor-support estimate around income replacement, household obligations, education goals, final expenses, and resources already in place.
Coverage amount is only one part of the decision. Term length, policy type, premium budget, underwriting, ownership, beneficiary designations, and estate context can all change the right fit.
Bring the survivor support question into focus.
If the estimate reveals a coverage gap, review income support, debts, education goals, existing resources, policy structure, beneficiary planning, and estate context with PeakStone.