Calculate exactly how much life insurance coverage your family needs and how much you must save to retire comfortably — personalized to your life.
🛡️ Life Insurance Inputs
Combined gross income your family depends on
🏠 Outstanding Debts & Obligations
National average: $15,000–$30,000
🎓 Education & Family Goals
Avg 4-yr public: $108K · private: $240K (2024)
Used for present-value income replacement calculation
📊 Life Value Replacement Analysis
Income Replacement Need
PV of income over replacement years
$0
Total Debt Payoff
Mortgage + all other debts
$0
Final Expenses
Funeral, estate, legal costs
$0
Education Fund
College savings for all children
$0
Gross Coverage Needed
Total of all obligations
$0
Less: Existing Assets
Savings + current coverage
$0
🛡️ Life Insurance Coverage Needed
Coverage Gap$0
Recommended Policy—
Est. Monthly Premium—
Coverage Status—
⚖️ Term Life vs IUL — Which Is Right for You?
🕐 Term Life
✓ Lowest initial premium
✓ Simple — pure death benefit
✗ Expires — coverage ends at term
✗ No cash value — pays nothing if you outlive it (95% of term policies never pay out)
✗ Premiums jump massively at renewal
✗ No retirement benefit
✗ Taxable death benefit in some estate situations
RECOMMENDED
🏆 IUL — Indexed Universal Life
✓Permanent — coverage for life, never expires
✓ Builds tax-free cash value — money you can use while alive
✓0% floor — never loses value in market downturns
✓Tax-free retirement income via policy loans
✓ Death benefit paid income-tax free to beneficiaries
✓ Cash value not counted on FAFSA
✓ Funds your child's education AND your retirement
💡 Why Most Financial Advisors Now Recommend IUL
Term life is like renting — you pay every month and get nothing back if nothing goes wrong. An IUL is like owning — your premium builds real equity that grows tax-free and pays you back in retirement.
With a well-designed IUL, you get: permanent protection your family can count on, market-linked growth with zero downside risk, tax-free access to funds at any age for any purpose, and a retirement income stream that doesn't show up on a 1099.
The only scenario where Term wins: very tight budget where even term is a stretch, or if you need maximum coverage for a very short-term liability (e.g., a 5-year business loan).
💡 Personalized Recommendations
🌅 Retirement Inputs
Today's dollars — how much you want per year in retirement
Check your estimate at ssa.gov/myaccount
💼 Current Savings
401k, IRA, Roth, pension cash value, etc.
📈 Growth Assumptions
Avg market return; IUL typically floors at 0%, caps at 10–14%
The "4% rule" is widely used; lower is more conservative
📊 Retirement Analysis
Years Until Retirement
Time to grow your nest egg
0 yrs
Years in Retirement
How long your money must last
0 yrs
Retirement Income Gap ($/yr)
Desired − SS − Pension
$0
Nest Egg Required (Today's $)
Using your withdrawal rate
$0
Projected Savings at Retirement
Current savings + contributions growing
$0
🌅 Retirement Savings Gap
Savings Shortfall / Surplus$0
Additional Monthly Needed$0
On-Track Status—
Equivalent Monthly IUL Premium—
💡 Recommendations
📊
Combined Financial Needs Analysis
Complete both the Death Benefit and Retirement calculators, then see your complete financial picture here.
🛡️ Life Insurance Need
Total Coverage Needed—
Less Existing Coverage—
Additional Coverage Gap—
Recommended Policy—
🌅 Retirement Need
Nest Egg Required—
Projected Savings—
Savings Gap—
Extra Monthly Needed—
💡 How an IUL Solves Both Needs at Once
An Indexed Universal Life (IUL) policy uniquely addresses both your death benefit gap AND your retirement savings gap in a single product:
Death Benefit ✓
The death benefit covers your family's income replacement, mortgage, debts, and education needs — tax-free.
Retirement Income ✓
Cash value grows tax-deferred with market upside (0% floor), then provides tax-free retirement income via policy loans.
⚠ This calculator is for educational and illustrative purposes only. Results are estimates based on assumptions you provide.
Actual insurance premiums, investment returns, and tax treatment vary. Consult a licensed financial advisor or insurance professional.
🎯 Get Your Personalized FNA
Coach Vineet will walk you through a complete Financial Needs Analysis tailored to your family — life insurance, retirement, and tax strategy — in one free call.