Calculator for Life Insurance Need

This calculator works to give the coverage that is desirable for you based on the multiplication of your recommended multiple based on your age and your current annual income.
Age Recommended Multiple Maximum Multiple Available
20-30 15x 20x
31-40 15x 20x
41-50 10x 15x
51-60 7x 10x
61-65 5x 7x
66 and above 3x 5x

For example, if your age is 45, and your annual income is $50,000, the coverage you need would be (10 X 50,000 = $500,000).