Insurance Needs Summary Tool

Get a comprehensive overview of your insurance needs across multiple coverage types.

This tool provides a high-level summary of insurance needs across major categories: life, disability, property, auto, and liability. It uses simplified rules of thumb based on income, assets, and family situation. Life insurance is estimated as 10 years of income plus additional years per dependent. Disability targets 60% of income. Property and auto match asset values. Liability is the greater of $300,000 or three years' income.

Calculator

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Total Insurance Needs
$2,135,000
Life Insurance
$1,400,000
Disability (annual)
$60,000/yr
Home/Property
$400,000
Auto
$35,000
Umbrella/Liability
$300,000

Common use cases

  • Uses general rules of thumb, not personalized analysis
  • Actual needs depend on existing coverage, savings, and risk tolerance
  • Does not include health, dental, or specialty coverage
  • Liability recommendation is a general guideline

This tool provides general informational estimates and is not insurance advice or a quote.