Guide
How much life insurance do you need?
A calculator plus the logic: how many years of income, what debts exist, education reserve, and resources in hand.
Start by estimating years of income that would need replacing, then subtract existing resources. Precision is unnecessary—term insurance comes in round figures, and the target is a number safeguarding household stability through critical years.
Coverage estimate
Calculation: (annual income × years) + outstanding debts + education allowance − existing resources, rounded to the nearest $5,000. This is a guideline only, not professional guidance.
Why those inputs
Income replacement span. Financial advisors typically suggest ten to twenty years; your ideal range reflects how long dependents need income. Dublin families with young children frequently opt for twenty years since childcare, housing and education expenses cluster during this period.
Outstanding debts. For most households a mortgage represents the biggest obligation. Enough coverage to eliminate it gives survivors the freedom to choose their path forward rather than facing immediate financial pressure.
Education fund. Set aside a ballpark amount per child in current dollars. Including it upfront is simpler than obtaining a second policy later.
Existing resources. Available savings and workplace group insurance. Since group coverage terminates at job separation, many include only a fraction in their calculation.
Once you settle on a figure, the quote tool displays monthly costs for 10–30 year terms across all carriers. Many customers purchase slightly above the calculated amount, since premiums at younger ages rise modestly with higher coverage.