Interactive insurance tool

Life Insurance Needs Calculator — How Much Coverage Do You Need?

Estimate life insurance needs with a DIME-style calculation, a simple 10× income check, and a blended recommendation that accounts for your existing coverage.

Your inputs

Annual income ($) Years of income to replace Mortgage balance ($) Other debts ($) Number of children Years until youngest child is independent Existing life insurance coverage ($) Spouse annual income ($) Final expenses estimate ($)

Comparison table

The DIME method adds debts, income replacement, mortgage, education/child support, and final expenses. The multiplier method uses a simple 10× income rule.

Factor	Your situation	DIME method	10× income method

Need the full worksheet pack?

Get the Life Insurance Needs Calculator Kit for the DIME worksheet, quote comparison sheet, stay-at-home parent calculator, and beneficiary review checklist.

Get Life Insurance Needs Calculator Kit — $17

Coverage estimate

DIME method result

—

Simple multiplier

—

Recommended coverage

—

Rounded purchase amount based on the blended estimate.

Coverage gap

—

Estimated monthly premium

—

Rough scale: $500K 20-year term ≈ $25/mo for a healthy 35-year-old.