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Income replacement on $150,000
| Years of income | Coverage |
|---|---|
| 5 years | $750,000 |
| 10 years | $1,500,000 |
| 15 years | $2,250,000 |
| 20 years | $3,000,000 |
| 25 years | $3,750,000 |
Needs-based example
Replace $150,000 for 15 years ($2,250,000) + a $250,000 mortgage + $20,000 of other debts + $100,000 for education + $15,000 final expenses = $2,635,000. Subtract $50,000 savings and $100,000 of workplace cover: $2,485,000.
The example amounts are placeholders to show the method. Replace them with yours in the calculator.
Does a simple multiple overstate it?
Years × income ignores investment growth on the payout and inflation. Treat it as a starting point, not a final figure.
These are coverage-amount estimates, not quotes or advice. Premiums depend on age, health and insurer; a licensed agent or fee-only planner can review your situation.
Sources and assumptions
- NAIC: life insurance consumer guide
- Rule of thumb and method shown for illustration; no premium data is used.
Related
- Life insurance calculator
- How much life insurance do I need?
- Term length calculator
- Life insurance on $50k
- Life insurance on $75k
Frequently asked questions
How much life insurance should I get on a $150,000 salary?
10× income gives $1,500,000; a needs-based estimate depends on your mortgage, debts, children and savings.
Does workplace life insurance count?
Yes, subtract it, but it often ends when you leave the job, so many people do not rely on it alone.