Life Insurance Calculator (Philippines)
Work out roughly how much life insurance coverage would protect your family — based on your income, debts, and future plans.
How much life insurance do you need?
| Income to replace | |
|---|---|
| + Debts | |
| + Future expenses | |
| − Already set aside | |
| Suggested coverage |
A planning estimate using the income-replacement + needs method, not financial advice. Your real need depends on your family, goals, and lifestyle. Term insurance gives the most coverage per peso; talk to a licensed financial advisor before buying.
How much coverage do you need?
A simple, widely-used method adds up what your family would need if your income suddenly stopped, then subtracts what you've already saved:
Coverage = (income × years to replace) + debts + future expenses − money already set aside
- Income replacement — enough to keep your family going for several years.
- Debts — so loved ones don't inherit your mortgage or loans.
- Future expenses — big upcoming costs like children's education.
- Minus savings & existing insurance — what you already have covers part of it.
Term vs VUL
Term insurance gives the most coverage per peso — best if your goal is pure protection. VUL (variable universal life) bundles insurance with investing; it costs more for the same coverage but combines both in one product. For protection alone, term usually wins; invest the difference separately (e.g. in MP2 or a savings plan).
Want to know what you can budget for premiums? Start from your take-home pay.
Last updated: 2026-06-28. A planning estimate using the income-replacement / DIME method — not financial advice. Speak with a licensed financial advisor before buying a policy.