Free calculator

Life insurance calculator

What would your family need if your income stopped? Add up the costs you want to cover, then subtract the resources you already have.

Everything stays in your browser. Nothing is sent to us, and the result is an estimate, not a quote or advice.

How this works

This uses the DIME method: debt, income, mortgage and education, less the resources already available to your family.

Multiply annual income by years of support.
Add mortgage, other debts, final expenses, and the education fund multiplied by children.
Subtract available savings and existing life insurance.

Worked example: $60,000 of income for 15 years is $900,000. Add $250,000 for mortgage, debts and final expenses, plus $80,000 for education: $1,230,000. Less $30,000 savings and $50,000 existing cover gives a $1,150,000 gap.

The estimate does not account for inflation, investment growth, taxes, or changes in your family's needs. Discuss those assumptions with an agency before choosing a policy.

Next step

Turn your estimate into a conversation

A life insurance agency can help you check your assumptions and explore policy options.

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