Family & Life Planning
Life Insurance Needs Calculator
Estimate a life-insurance coverage gap using survivor-support needs, debts, family goals, existing coverage, and available assets.
Quick mode
Start with the few inputs that usually move the answer most. MFA keeps transparent defaults for the rest until you open them.
Enter the annual amount survivors would actually need replaced after considering survivor earnings, benefits or other continuing income.
Debts you expect the death benefit to pay off rather than continue servicing.
Modeled income support
$1,512,941
Other one-time needs
$455,000
Existing coverage/assets
-$90,000
Modeled coverage gap
$1,877,941
Planning estimate only, not an insurance recommendation or quote. Taxes, Social Security survivor benefits, pensions, survivor earnings, asset liquidity, special-needs planning, estate structure, policy type and underwriting can materially change an appropriate coverage amount. For an actual purchase, verify needs and policy terms with a licensed insurance professional acting under the rules that apply in your state.
3 · Save only what matters
Keep the result or send the scenario.
Run the math first without an account. If this result is useful, save it to My MFA so you can reopen it instead of rebuilding the scenario.
Turn this result into a decision.
Compare it with another snapshot, keep your reasoning and set your next step.
Inputs, estimates & source dates
Keep this result
Save it to My MFA and come back later.
This keeps the scenario in your private My MFA workspace so you can reopen, compare and organize it. It does not publish the scenario.
Share or export
Send the scenario, copy a rerunnable link, or export a branded file.
Sharing is separate from saving to My MFA. Public links carry only the scenario inputs needed to reproduce this view.
PNG and PDF use the same high-resolution MFA export layout with result context and assumptions. On iPhone, Save PNG can open the iOS share sheet. MyFriendAlex.org is the full experience · MFA.Money is the short address.
Go deeper in Excel
Estate & Family Document Organizer
A structured inventory for accounts, beneficiaries, insurance, property and documents to review with your professionals. The workbook is being built as a reusable companion to MFA's free web tools.
Planned workbook: Asset inventory · beneficiaries · documents · action list.
Understand the result
Why Beneficiary Designations Matter
Read the plain-English guide, common mistakes and context behind this calculation.
Keep going
Related next steps
Family & Life Planning
Net Worth Calculator
Add your entered assets and liabilities to calculate net worth and see the balance between what you own and what you owe.
OpenFamily & Life Planning
Emergency Fund Calculator
Build an emergency-fund target from entered essential monthly expenses and the number of months of coverage you choose.
OpenFamily & Life Planning
Budget Calculator
Compare entered monthly income, spending, and saving amounts to see what is allocated and what remains unallocated or over budget.
OpenRelated MFA experience
Explore Kids & Family
Educational estimates only. Not financial, tax, investment, legal, payroll, mortgage, or insurance advice. Results may vary based on rates, tax rules, lender terms, state laws, and personal circumstances. Financial values entered into supported calculators may be stored privately with technical data such as IP address for MFA analytics, security, debugging and product improvement. Do not enter account numbers, passwords, Social Security numbers or login credentials. Privacy details.