Family Life Insurance Protection Planner
What this family protection model includes: This planner treats unpaid care as a real household responsibility. It is useful for two-income families and for parents whose work is not fully reflected in wages.
Estimate a family's life insurance gap from income, unpaid care, survivor earnings, one-time obligations and existing resources.
Income is only one family contribution
The planner values the income gap and replacement care over separate periods using the growth and return assumptions entered. It then adds one-time family goals and subtracts available resources.
Use local care costs
Childcare, transportation, household work and dependent care vary by family. Use costs the survivor could realistically face.
A family scenario
A family can fund a 15-year income gap and an eight-year replacement-care need separately, then add debts, education and a transition reserve before subtracting savings and existing coverage.
What the result cannot schedule
It separates income and replacement care into different periods, but cannot predict how family needs change. Use the detailed estimator for a fuller inventory of benefits and obligations.
Is this the right calculator for your family?
Use this page when childcare, household work or other unpaid care would create a real cost for surviving family members.
Planning limits to keep visible
- Growth and return assumptions can change the present-value result substantially.
- Care needs may decline as children or other dependents become independent.
- Use local care costs rather than an unsupported national average.
Family protection questions
Should unpaid care work be included?
Yes, when survivors would need to pay for childcare, household work, transportation or other care that the insured person currently provides.
Does the family protection need stay level?
Not always. Care and income needs can fall as dependents become independent. Run scenarios with different support periods instead of assuming one permanent amount.
Related life insurance guidance
Read life insurance for parents and verify beneficiary terminology in the life insurance glossary.