LifeInsuranceCalculator is a free, independent tool built to help people estimate how much life insurance coverage they actually need — without sitting through a sales call first.
The tool uses the DIME method (Debt, Income, Mortgage, Education), a widely used financial-planning approach that adds up your outstanding debts, the years of income your dependents would need replaced, your remaining mortgage balance, and estimated education costs for your children — then subtracts your existing savings and any coverage you already have. The result is a personalized coverage target, along with a rough monthly premium estimate for term and whole life policies based on publicly available rate tables for healthy, non-smoking applicants.
This calculator does not constitute financial, insurance, or legal advice, and it is not a quote. Actual premiums depend on your health, medical history, tobacco use, and the specific insurer's underwriting — they can vary significantly from the estimates shown here. Before making a decision, speak with a licensed insurance agent or a fee-only financial planner who can review your full situation.
This site is not affiliated with, endorsed by, or sponsored by any insurance company, carrier, or financial institution. It is supported by display advertising (Google AdSense), which allows the tool to remain free with no signup required. All calculations run locally in your browser — nothing you enter is transmitted, stored, or sold.