How much life insurance do you need?
Tell us your goals, age, and budget. We'll estimate your coverage gap using the needs-based method financial planners use. Everything is calculated in your browser, and nothing is stored.
How this calculator works
We use a needs-based analysis, the same framework taught in professional financial planning. Your recommended coverage is:
- Income replacement: your annual income × the years your family needs support, adjusted to 75% because your personal expenses stop.
- Debts: outstanding housing, car, and personal loans so your family inherits assets, not liabilities.
- Education: a target fund per child.
- Final expenses: about ₱300,000 for funeral and estate settlement costs.
- Minus the life coverage and liquid savings you already have.
A common shortcut is 10× your annual income. The needs-based figure is more precise because it reflects your real obligations.
Advisor Matchmaker
Get matched with a licensed life insurance advisor
- Matched to your goal, age, and budget
- Licensed advisors from leading PH insurers
- Free consultation, zero obligation
- Your data is protected under RA 10173