Insurance Needs Calculator
Estimate how much coverage you need for life, disability and emergency insurance.
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Frequently Asked Questions
What types of insurance are most important?
Priority order for most people: (1) Health insurance — a single hospitalization can cost $30,000-$100,000+. (2) Life insurance — if anyone depends on your income. (3) Disability insurance — you are 3-4x more likely to become disabled than to die during your working years. (4) Auto insurance — legally required in most states. (5) Homeowners or renters insurance — protects your largest asset or personal belongings.
What is disability insurance and do I need it?
Disability insurance replaces 60-70% of your income if you cannot work due to illness or injury. Short-term disability covers 3-6 months; long-term covers years or until retirement. Many employers offer group policies, but they are often insufficient. If your employer does not offer it or coverage is under 60% of income, individual supplemental disability coverage is worth considering, especially for high earners.
How much does insurance typically cost?
Average monthly costs (2026): health insurance $450-$700 individual, $1,200-$1,800 family (employer plans average $600/month employer + $300/month employee). Life insurance $25-$75 for $500,000 term policy for healthy 35-year-old. Disability insurance 1-3% of annual income. Auto insurance $100-$250/month. Homeowners $100-$250/month. Renters insurance $15-$30/month (great value).