Texas Coverage Calculator
How Much Life Insurance Does a Texas Family Need?
Most Texas households are carrying less coverage than the mortgage and the income years actually require. Answer a few questions and get a coverage number built from your real obligations, with a Texas premium estimate attached to it.
Coverage Calculator
Step 1 of 5: Your income
How We Build Your Texas Coverage Number
The number is four parts added together: the income your household would need to replace, the debts that must be cleared, the one-time costs of closing out a life, minus the coverage and savings you already hold.
Replacing your income
Multiplying your income by 10 to 12 is the usual starting point. In Texas terms, it is what keeps the family in the same house and the same schools after the income stops.
Clearing the mortgage and debts
The mortgage is the largest bill most Texas families carry, and the debt does not shrink when the earner is gone. Coverage sized to the balance gives the household the option to retire the loan.
Final costs and college funding
A Texas funeral with burial commonly runs $8,000 to $15,000 once the service, plot, and headstone are counted. Add college funding separately if you want that protected regardless of what happens.
Subtracting what you already hold
Coverage you already own, savings, and investments all narrow the gap. The calculator nets these out for you rather than asking you to do the arithmetic.
What Your Number Costs
Verified Texas monthly rates, 20-year term at the best health class:
$250K
from $11/mo
at age 30
$500K
from $16/mo
at age 30
$1M
from $23/mo
at age 30
How Much Coverage: FAQs
Is 10 times my salary enough coverage in Texas?
It is a floor rather than a finish line. Add the mortgage balance and any other debts on top of it, and if there are young children or a spouse stepping back from work, work toward the upper end of the multiple instead of the lower.
Why would I need coverage if I already have savings?
Savings absorb an emergency, not a decade of missing income. A death benefit replaces years of earnings in a single payment, which is what keeps a surviving spouse from liquidating retirement accounts or selling the homestead in the worst year of their life.
Can the coverage amount be adjusted later?
Yes. Most Texas term policies carry a conversion privilege, and additional coverage can be added with a second policy at any time. Sizing it a little high now locks in a younger rate, which is why the calculator tends to round up.
Does a stay-at-home parent need coverage in Texas?
In most Texas households, yes. Buying the childcare, household management, and transportation a stay-at-home parent provides runs $40,000 to $80,000 a year, and the family has to fund that immediately if the parent is gone.
Ready to Size the Coverage Your Family Needs?
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