Why Most People Miscalculate Their Term Life Insurance — A Better Way to Get It Right

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Hey everyone,
A lot of people tend to guess or oversimplify how much term life insurance they need—some go by a random multiple of their income, others just pick a round number. But term insurance is too important to get wrong, especially if you have a family depending on you.

At Truemind Capital, we approach this differently. As a SEBI-registered, fee-only investment advisory, we help individuals calculate their ideal life cover based on what actually matters with life insurance calculator:

Your current and future income

Number of dependents and their financial needs

Ongoing and future liabilities

Long-term goals like education, retirement for your spouse, or family lifestyle continuity

This method is called the Human Life Value (HLV) approach. It ensures you’re neither over-insured (wasting money on premiums) nor under-insured (putting your family at risk). Our analysis is completely unbiased—since we don’t sell insurance or earn any commissions—and is tailored to your unique financial situation.

If you’re unsure about how much term insurance you truly need, or want to double-check the number you’ve been told, feel free to ask. Happy to help clarify things visit our website