Life Insurance Needs Calculator

Michael Torres|Insurance Research Editor|Updated March 29, 2026

Calculate exactly how much life insurance coverage you need to fully protect your loved ones using the DIME formula (Debt, Income, Mortgage, Education).

Outstanding Debt (excluding mortgage) ($)

Annual Income ($)

Years of Income to Replace

Remaining Mortgage Balance ($)

Future Education Costs (per child) ($)

Number of Children

Existing Savings & Life Insurance ($)

Life Insurance Needs Calculator

Your Estimated Coverage Need