Life Insurance Calculator

Not sure how much life insurance you need? This free calculator walks you through it step by step — no jargon, no pressure, no sign-up required.

Most people either guess at their coverage amount or rely on a rule of thumb like "10x your salary." This app helps you think through your actual situation.

WHAT IT COVERS:

📐 DIME Foundation
The gold standard method used by financial planners — calculates your needs based on Debt, Income, Mortgage, and Education costs.

🏦 Inherited IRA Tax Burden
A often-overlooked need — if you're leaving a 401(k) or IRA to your kids, they'll owe income tax on every dollar they withdraw. Life insurance can cover that tax bill tax-free.

🏢 Business Needs
Own a business? Calculate buy-sell agreement funding and business continuity needs.

✨ Special Situations
Special needs dependents, charitable giving goals, estate equalization, and long-term care funding.

💼 Existing Resources
Subtract what you already have — existing policies, savings, and spouse income — to find your true coverage gap.

FEATURES:
- Results update instantly as you type
- No account or sign-up needed
- No data collected — everything stays on your device
- Built by a CFP candidate using methods taught in financial planning

This app provides estimates for educational purposes only and is not financial advice. Please consult a licensed financial planner or insurance professional for personalized guidance.