Life Insurance Shortfall Calculator

Life is unpredictable. Is there any guarantee to your life? Does it make sense to ensure the protection of your family's financial future?

Have you saved enough, or do you know if your current life insurance coverage will be sufficient for your loved ones?


Fill in your financial data i.e. yearly earnings, expenses, liabilities, savings, and any existing coverage in the table below and see the shortfall for yourself.

Yearly Income and Earnings
Husband:
Wife:
Shared (rental property, stocks, business etc):
House Mortgage
Mortgage balance:
Number of monthly payments left:
Monthly Expenses
Monthly house mortgage, taxes, HOAs, utilities etc:
Monthly car loans:
Monthly other loans:
Monthly grocery and gas expenses:
Monthly classes for children:
Current monthly life insurance payments:
Any other monthly expenses such as phones, travel, ...:
Children's education expenses
Number of children:
Yearly college expenses per child:
Savings and Equity
Savings in cash:
Equity in properties:
Gold etc:
Savings in retirement funds:
Yearly contribution to retirement funds:
Insurance Coverage
My/Our existing life insurance coverage (don't include term insurance from your workplace):
Calculate forecast for :
I want to ensure income replacement for:

Forecast of surplus, expenses, liabilities, and life-insurance shortfall