Guide
How much life insurance do you need?
Tool plus explanation: income years, debt, schooling, and existing protection.
Add up what your earnings support plus what you already have in place, then subtract. The math is rough—that's fine. Term policies sell in round numbers and aim to stabilize your household through critical years.
Coverage estimate
Estimate = (income × years) + debts + education − existing coverage, rounded to $5,000 increments. Starting point only, not advice.
Why those inputs
Income years. Most advisors suggest 10 to 20 years of income replacement; your choice depends on when dependents need support. Families with young kids in Concord tend toward the longer range because costs for childcare, homes, and schools cluster in those same years.
Debts. Most families' largest debt is a mortgage. Coverage sufficient to pay it off lets heirs choose their path without financial pressure.
Schooling. Set aside an allowance per child in current dollars. Including it now beats adding a separate policy later.
Existing protection. Bank savings and employer group coverage both count. But employer plans terminate with employment, so many count only a portion.
Once you settle on an amount, the quote tool displays costs across 10 to 30 year options from all carriers. Many choose somewhat higher than their estimate, since the monthly cost difference is modest at younger ages.