Life Insurance Needs Calculator — Markus Williams Jr.
Markus Williams Jr. Book a Call
Strategy Center

Life Insurance
Needs Calculator

Estimate a coverage range using a needs-based framework — income replacement, liabilities, and goals, offset by existing resources. This educational tool helps you identify gaps and start a more informed conversation.

Progress 0 of 4 complete
Profile Income Liabilities Results
01 Who Needs Coverage
✓ Complete ▾
$
$
$
02 Income Replacement
✓ Complete ▾
$
Until kids are 18 · Until mortgage payoff · Until retirement
$
Check your SS estimate at ssa.gov →
Adjust for inflation
~2.5% inflation applied to income replacement
03 Liabilities & Goals
✓ Complete ▾
Debts to Pay Off
$
$
$
$
Typical funeral + estate costs: $10,000–$25,000
Federal student loans are discharged at death. Do not include them above — they will not pass to your family or co-signers. Only include private student loans that a co-signer would inherit.
Goals to Protect
$
$
$
Existing Resources (Offsets)
$
$
Cash + savings only · Exclude retirement accounts
Coverage Estimate Hypothetical estimate only · Not advice · Not a guarantee
◈ Fill in your profile and income details to see your coverage estimate.
Estimated Coverage Need
—
Total Need
—
gross coverage needed
Existing Coverage
—
policies + assets
Coverage Gap
—
additional needed
Coverage Breakdown
What to Do Next

This tool provides a hypothetical, educational estimate only and is not financial, tax, or legal advice. Results are not guaranteed and do not reflect the performance of any specific product or policy. This estimate does not account for taxes, inflation (unless selected), policy costs, underwriting, plan restrictions, legal structures, or individual circumstances.

Federal student loans are discharged at death and are excluded from this analysis by design. Private student loans inherited by co-signers should be included. Coverage needs vary widely — confirm with a licensed professional and your full financial plan.

Social Security survivor benefits are not guaranteed and depend on work history and family circumstances. Estimates available at ssa.gov/myaccount.

Advisory services and securities offered through Lincoln Investment, Registered Investment Adviser, Broker-Dealer, Member FINRA / SIPC. lincolninvestment.com