Calculatree

Life Insurance Calculator

A quick DIME-style estimate of the coverage that would replace your income and clear your debts.

Inputs

Updates live as you type

How it works

This calculator follows the DIME framework — Debt, Income, Mortgage, Education — to estimate the death benefit that would keep your dependents financially whole. It is a starting point for a conversation, not a quote.

Frequently asked questions

How many years of income should I replace?

A common rule is 10 years, but families with young children or a long mortgage often choose 15–20 so that coverage lasts until the kids are independent.

Is term or whole life better for this amount?

For pure income replacement, level term is usually the cheapest way to buy a large death benefit. Compare the long-run cost with our term-vs-whole calculator.

Related calculators

Term vs. Whole Life CalculatorCompare term life plus investing the difference against whole life.Disability Insurance CalculatorEstimate the monthly disability benefit you should carry.Mortgage CalculatorCalculate your monthly mortgage payment with taxes and insurance.Retirement CalculatorProject your retirement nest egg and the income it could provide.