The Life Insurance Needs Calculator is a practical tool designed to help individuals estimate the right amount of life insurance coverage for their unique situation. By entering basic financial information—such as your annual income, number of dependents, outstanding debts, and savings—the calculator determines the total coverage needed to protect your loved ones in the event of your passing. It factors in income replacement over time, pays off debts, and funds your children's education while subtracting your current assets to reveal the true insurance gap. This personalized insight helps you make informed decisions when shopping for term or whole life insurance.