Coverage Calculator
Find out how much life insurance your family needs. Enter your financial details below for a personalized recommendation.
Combined pre-tax income for your household
Mortgage, car loans, student loans, credit cards
We estimate $50,000 per child for education
Any existing policies (employer-provided, etc.)
Enter Your Details
Fill in the form on the left to see your recommended coverage amount.
How We Calculate Your Needs
Our calculator uses the DIME method (Debt, Income, Mortgage, Education), a widely-used approach recommended by financial advisors:
- Income Replacement: 10x your annual income to replace your earning power
- Debt Coverage: Full amount of outstanding debts (mortgage, loans, credit cards)
- Education: $50,000 per dependent child for future education costs
- Final Expenses: $25,000 for funeral, burial, and end-of-life costs
This is a starting estimate. Your actual needs may be higher or lower depending on your specific situation. A licensed agent can help you fine-tune the number.