LIFE INSURANCE

Protect the people and plans that depend on you.

Life insurance can replace income, fund a legacy, protect a business, or support a broader tax and wealth strategy. We help you understand the options and select coverage that fits the purpose.

Term Life

Cost-effective coverage for a defined period, often used for income replacement, debt, or family protection.

Whole Life

Permanent coverage with contractual guarantees and cash value designed for long-term protection.

Indexed Universal Life

Flexible permanent coverage with cash-value growth linked in part to a market index, subject to policy terms.

A PURPOSE-LED REVIEW

Coverage should solve a defined problem.

We begin with the financial responsibility that needs protection, then compare policy structures, carriers, guarantees, flexibility, and long-term cost.

Income replacement and family protection
Business continuity and key-person risk
Estate liquidity and wealth transfer
Long-term cash-value strategy when appropriate

A STARTING POINT FOR YOUR FAMILY

How much life insurance does my family need?

Get a starting estimate based on the people and responsibilities you want to protect. Use your own numbers, then talk them through with our team.

Life Insurance Calculator

Start with the example values, choose a method, then adjust the numbers to explore your family's needs.

Calculation Method

Investment Return Rate (%)

Annual inflation (%)

Adjust future income for inflation

Return and inflation apply to Needs-Based Analysis and Human Life Value. Enter income growth above inflation to avoid counting inflation twice. One-time goals are today's funding amounts.

Income and Time Horizon

Your age

Years of family support

Expected retirement age

Annual income ($)

Share of income to replace (%)

Annual real income growth (%)

Income multiplier

Debts and Future Needs

Mortgage balance ($)

Other outstanding debts ($)

Final expenses ($)

Children to fund education for

Education budget per child ($)

Emergency reserve ($)

Other one-time goals ($)

Resources Available to Your Family

Available savings and investments ($)

Retirement assets available for these needs ($)

Existing individual coverage ($)

Employer-provided coverage ($)

Use the income share your family would need after other household income. Count only assets available for these needs, allowing for taxes and access restrictions. Employer coverage may end when employment ends.

Your Coverage Estimate

Estimated additional coverage

Show detailed breakdown

Term and Whole Life: What Changes?

Term insurance covers a defined period. Whole life is designed for lifetime coverage with contractual premiums and cash value, subject to policy terms. Coverage needs alone do not determine the right policy.

Ask our team for a personalized premium quote. Rates depend on age, health, underwriting, carrier, coverage and policy features.

Illustrative estimate, not a quote or personalized recommendation. Assumed returns are not guaranteed. This model excludes taxes, fees and changes in circumstances. Your entries stay in your browser and are not submitted or saved.

Life insurance questions, answered.

Connect the amount of coverage with the people and responsibilities it needs to protect.

How do term and permanent life insurance differ?

Term coverage lasts for a stated period. Permanent coverage is designed for longer-term protection and may build cash value, subject to policy requirements. Compare cost, coverage duration and funding requirements, not just the initial premium.

Why do the calculator methods give different answers?

Each method measures a different starting point. Needs-Based Analysis combines future support with debts and goals. Income Multiple uses an earnings multiplier. DIME combines debt, income, mortgage and education. Human Life Value estimates income support through retirement. Our models subtract the resources you enter.

Is the calculator result a premium quote?

No. It estimates a possible coverage gap from your inputs. A premium quote also depends on the insurer, policy features, underwriting and personal factors such as age and health. Use the estimate to prepare questions, not as a policy recommendation.

Should I include coverage from my employer?

Include it in your current picture, but check its limits and what happens if you change jobs or retire. Employer-provided coverage may end when employment ends. Review your own policies, household needs and available savings together.

Continue exploring: Compare life insurance estimates · Talk through your coverage needs

Further reading: Texas Department of Insurance: life insurance guide

What should your life insurance accomplish?

Define the purpose first, then evaluate coverage built to serve it.