Life Insurance Needs Calculator
Build a transparent life insurance needs scenario with labeled inputs, immediate results, and no hidden assumptions.
Verify this calculatorMaintained
See what the result uses—and what it cannot know.
Sumvoro calculates deterministically from the visible inputs. It does not invent lender terms, local rules, market values, medical facts, or professional judgments.
- 1 · InputsCheck every entered value against the latest statement, quote, measurement, or official source.
- 2 · Formula
Coverage gap = debts + education + final costs + income support − liquid assets − existing coverage. - 3 · SensitivityUse Insights to run a lower and higher case. If the conclusion changes easily, collect better information or leave more margin.
- 4 · ScopeThis tool is maintained and covered by automated calculation tests. Provider timing, rounding, and omitted facts can still change a real-world result.
- Formula release
- 2026.10-r4
- Release date
- October 10, 2026
- Review status
- Maintained
- Source review
- September 12, 2026
Optional readingLearn how this calculator works
How the life insurance needs calculator works
Estimate a planning coverage gap from obligations, income support, assets, and existing coverage.
Coverage gap = debts + education + final costs + income support − liquid assets − existing coverage.
Read our calculation methodology and limitations.
Example
Begin with the worked example, then replace one field at a time with figures from your statement, quote, budget, or lesson.
What affects the result
- Survivor needs change over time.
- Employer coverage may end when employment ends.
Frequently asked questions
What should I enter?
Use the label beside each field and enter current figures from your own documents whenever possible.
Is this result a quote or professional recommendation?
No. It is an educational planning estimate based only on the values shown. Verify important financial, legal, tax, benefits, and contract details with the appropriate source.