Home

Free 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 :	years
I want to ensure income replacement for:	years

Forecast

Surplus, expenses, liabilities, and life-insurance shortfall

Serving Massachusetts Communities with Excellence

We're proud to provide expert financial planning and insurance services to families throughout Central Massachusetts:

Hopkinton Ashland Holliston Southborough Westborough Framingham Milford Upton Grafton Marlborough

Free Financial Planning Tools

Explore our suite of free calculators to help you plan your financial future:

💰 Life Insurance Calculator

Calculate your life insurance coverage needs

🏖️ Retirement Savings Calculator

Plan for a comfortable retirement

🎓 College Savings Calculator

Coming Soon

🆘 Emergency Fund Calculator

Coming Soon