💰 Life Insurance Needs Estimator
Calculate how much life insurance you actually need based on income, debts, and family obligations.
About This Tool
Calculate how much life insurance you actually need based on your income, debts, family obligations, and existing coverage. Most people with group life through work are severely underinsured.
How It Works
Enter your annual income, spouse income, mortgage balance, other debts, number of children, college savings goals, current savings, and existing life insurance. The calculator uses the DIME method (Debt, Income, Mortgage, Education) to recommend a coverage amount.
Why It Matters
Group life insurance ends when you leave your job. If you die with only $50,000 in coverage and a $300,000 mortgage, your family loses the house. This calculator shows the real number.
Your Information
Results
Enter your income, debts, and family needs to calculate recommended life insurance coverage.