Life Insurance Calculator
Calculate how much life insurance coverage you need to protect your family.
Income & Coverage
$
years
$
$
Debts & Obligations
$
$
$
$
%
Recommended Coverage
$1.27M
Under-Insured - Significant gap
Insurance Gap
$1.27M
Current Coverage
11%
DIME Analysis
D - Debt
$275KMortgage + Other debts
I - Income Replacement
$1.03M20 years of income
M - Mortgage
-Included in debt above
E - Education & Expenses
$115KCollege + Final expenses
Total Need$1.42M
Coverage Methods Comparison
DIME Method$1.27M
10x Income$750K
15x Income$1.13M
Human Life Value$1.05M
Existing Resources
Current Savings$50K
Existing Insurance$100K
Total Resources$150K
Estimated Premium: For $1.27M in term coverage, expect roughly $635 - $2K per month depending on age and health.