Life Insurance Needs Calculator

How much life insurance do you need?

A two-minute estimate using the proven DIME method — Debt, Income, Mortgage, Education. Fill in the boxes and see a coverage number that would actually protect your family. Stays in your browser.

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A quick way to estimate how much life insurance would actually protect your family, using the “DIME” method — Debt, Income, Mortgage, Education.

Annual income to replace

Years to replace it Until kids are grown / spouse retires

Mortgage balance

Other debts Cars, loans, credit cards

Children to educate

Est. cost per child College / future support

Final expenses Funeral, medical, estate

Savings & existing life insurance Subtracted from the total

A rule-of-thumb estimate to start the conversation — not advice on a specific policy amount. Everyone’s situation is different, and the right coverage and type (term vs. permanent) depends on your goals and budget. We’re happy to talk it through.

Good to Know

Questions about this calculator

DIME stands for Debt, Income, Mortgage, and Education — the four things life insurance most often needs to cover. You add up debts, the income you’d want to replace, your mortgage, and future education costs, then subtract savings and any coverage you already have. It’s a quick, sensible starting point.

It’s a starting estimate, not a recommendation. The right amount — and whether term or permanent coverage fits — depends on your goals, budget, and family situation. Use this to frame the conversation, then we’ll tailor it.

Because life insurance only needs to fill the gap. Money your family already has — savings, retirement accounts, or a policy through work — reduces how much new coverage you need to buy.

Often, yes. Term life is usually the most cost-effective way to cover a large need during your working years, and healthy applicants are frequently surprised how low the rates are. We’ll show you real quotes.

No. The calculator runs entirely in your browser. Nothing is sent to us unless you choose to request a quote through the form.

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Want the exact numbers?

A calculator gets you in the ballpark. A licensed local agent gets you the real plan — free, with your doctors and budget in mind.

Free, no-obligation comparison
We check your doctors & prescriptions
Independent advice across carriers
A real local person, year-round

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We’ll get back to you within one business day.

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No 1-800 numbers and no online quote mills — just licensed Minnesota agents out of our Chaska office who pick up the phone when your plan changes and actually remember your name.