# Life Insurance Needs Calculator — United States

> Estimate a survivor-support funding gap from explicit obligations, assets and an annual support horizon. USD planning view; stated limitations apply.

Page: https://askcalculators.com/us/life-insurance/
Definition: https://askcalculators.com/us/life-insurance/definition.json
JSON Schema: https://askcalculators.com/us/life-insurance/schema.json
Version: 20.16.0
Maintained by: AskCalculators (software project; not a credentialed reviewer)
Qualified review: pending. Automated checks do not establish professional approval.
Page status: Live
Review status: Pending

## Use
Open the calculator page and enter values. Query-string parameters can restore and bookmark a calculation.
Example: https://askcalculators.com/us/life-insurance/?annualSupport=40000&supportYears=20&investmentReturn=4&inflation=2&debts=200000&education=30000&finalCosts=15000&availableAssets=100000&existingCover=100000&annualPremium=0&annualFees=0&monthlyFee=0&spreadPercent=15

## Inputs
- annualSupport: Annual survivor support required; type=money; required; default=40000; min=0; max=1000000000000
- supportYears: Support period, years; type=number; required; default=20; min=0; max=80
- investmentReturn: Assumed nominal return after investment costs; type=percent; required; default=4; min=0; max=30
- inflation: Annual support inflation; type=percent; required; default=2; min=0; max=30
- debts: Debts to repay; type=money; required; default=200000; min=0; max=1000000000000
- education: Education and other one-off needs; type=money; required; default=30000; min=0; max=1000000000000
- finalCosts: Final-expense allowance; type=money; required; default=15000; min=0; max=1000000000000
- availableAssets: Assets actually available to survivors; type=money; required; default=100000; min=0; max=1000000000000
- existingCover: Existing suitable life cover; type=money; required; default=100000; min=0; max=1000000000000
- annualPremium: Actual quoted annual premium; type=money; required; default=0; min=0; max=1000000000000
- annualFees: Annual policy/administration fees; type=money; required; default=0; min=0; max=1000000000000
- monthlyFee: Additional installment fee per month; type=money; required; default=0; min=0; max=1000000000000
- spreadPercent: Quote sensitivity range; type=percent; required; default=15; min=0; max=100

## Outputs
- supportCapital: Present value of annual support; format=currency
- grossNeed: Total modeled survivor needs; format=currency
- coverageGap: Additional coverage gap; format=currency; primary
- annualPremium: Entered annual premium; format=currency
- annualCost: Annual premium and payment fees; format=currency
- monthlyEquivalent: Monthly equivalent cost; format=currency
- low: Low quote scenario; format=currency
- high: High quote scenario; format=currency

## Formula
support capital = present value of inflation-adjusted annual support; gap = maximum(0, support capital + one-off needs − available assets − existing cover).

Inputs are converted to canonical units before evaluating this stated formula.

## Rules
- Empty optional inputs are undefined, not zero.
- Hidden conditional inputs are ignored.
- Do not invent missing required inputs.

Notice: Illustrative defaults are not local quotes or verified legal rules. Dated reference components and user-entered assumptions are explicitly distinguished. Professional review is pending.