Calculator: Coverage
How Much Life Insurance Coverage Do You Really Need?
What is your household income?
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Why Life Insurance Coverage Matters
Think of life insurance as a safety net. It’s there to catch your loved ones if life throws an unexpected curveball. The right coverage can ensure your family maintains their quality of life, covers major expenses like mortgages or education, and pays off any outstanding debts—all without the financial stress. But how do you figure out how much is enough? That’s where the 10x Rule comes in.
The 10x Rule: A Starting Point
A common rule of thumb is to have coverage that’s about ten times your annual household income. Why? Because it provides a buffer that can replace your income for a decade, giving your loved ones time to adjust financially. But this is just a starting point. Your ideal coverage may vary based on factors like:
Outstanding debts: Mortgage, car loans, or credit card balances.
Future expenses: Think college tuition, weddings, or major life milestones.
Current savings: How much you’ve already set aside for your family’s future.
Lifestyle needs: Do you want to cover just the essentials or provide a financial cushion for extras?
Let’s Crunch Some Numbers Together
Here’s where our calculator shines. Simply enter your income, existing debts, and estimated future expenses, and we’ll do the math for you. In seconds, you’ll get a customized recommendation that balances your coverage needs with your budget. Our goal? To help you find a plan that protects your loved ones without breaking the bank.
Balancing Coverage with Your Monthly Budget
Once you know how much coverage you need, the next step is figuring out how it fits into your monthly budget. Don’t worry—it’s more affordable than you might think. For as little as $10 a month, you can lock in peace of mind. Our calculator helps you see what you’ll need to set aside each month, so you can plan with confidence and keep living your life without financial stress.
Still Have Questions? We’ve Got Answers!
We know life insurance can feel overwhelming, but it doesn’t have to be. Our calculator is designed to make it easy, but if you need a little extra guidance, we’re here to help. At Protectio, we work with all the top carriers to ensure you get the best deal—because protecting your future should be simple, affordable, and tailored to you.
Ready to Get Started?
Your loved ones deserve the best, and so do you. Try our online calculator today and take the first step toward securing your family’s future. Life happens—until it doesn’t. Let’s make sure you’re ready.
