Rules of thumb versus levers
“Ten times income” is memorable and often wrong for a specific household. This tool makes years, replacement percent, inflation and discount rate explicit so you can see how sensitive the number is.
Present-value style output discounts future replacement cash flows. Simple mode multiplies years × income × percent. Read income replacement rules of thumb.
Stack carefully with DIME so you do not double-count the mortgage both as debt and as years of income without intention.
Privacy and honesty
Calculations run locally in your browser on CoverCalc. We do not need an account and we do not receive the numbers you type. Advertisers help keep the tools free; ads are labelled. Affiliate links, when present, use rel="sponsored" and are described in the affiliate disclosure.
CoverCalc provides educational arithmetic only. Results are estimates. Confirm figures with primary sources and licensed professionals.
Using this tool responsibly
Enter figures from your own documents when you need a serious plan. Change one input at a time when comparing scenarios so cause and effect stay obvious. Revisit after life events or new plan documents.
Write down the scenario you chose and the assumption that mattered most. Bring that short note to a conversation with the right licensed professional for your topic.
Privacy and honesty
Calculations run locally in your browser on CoverCalc. We do not need an account and we do not receive the numbers you type. Advertisers help keep the tools free; ads are labelled. Affiliate links, when present, use rel="sponsored" and are described in the affiliate disclosure.
CoverCalc provides educational arithmetic only. Results are estimates. Confirm figures with primary sources and licensed professionals.
Using this tool responsibly
Enter figures from your own documents when you need a serious plan. Change one input at a time when comparing scenarios so cause and effect stay obvious. Revisit after life events or new plan documents.
Write down the scenario you chose and the assumption that mattered most. Bring that short note to a conversation with the right licensed professional for your topic.
Privacy and honesty
Calculations run locally in your browser on CoverCalc. We do not need an account and we do not receive the numbers you type. Advertisers help keep the tools free; ads are labelled. Affiliate links, when present, use rel="sponsored" and are described in the affiliate disclosure.
CoverCalc provides educational arithmetic only. Results are estimates. Confirm figures with primary sources and licensed professionals.
Using this tool responsibly
Enter figures from your own documents when you need a serious plan. Change one input at a time when comparing scenarios so cause and effect stay obvious. Revisit after life events or new plan documents.
Write down the scenario you chose and the assumption that mattered most. Bring that short note to a conversation with the right licensed professional for your topic.