Life Insurance Coverage Calculator
How Much Coverage Does Your Family Really Need?
Fill in your numbers below and click Calculate to see your real coverage picture — what your family needs, what you have, and the gap to close. Private, instant, no sign-up required.
Before You Calculate
Why Most Families Are Under-Covered Without Knowing It
Most people guess at their coverage based on a number they heard once — “oh, I have a policy through work, I think it’s like a year of salary” — and never run the actual math. Then life shifts. A new baby, a new home, a business, an aging parent, a college plan — and that old guess is years out of date.
This calculator uses the DIME method — Debt, Income, Mortgage, Education — the same framework licensed professionals use to assess real coverage needs. It also weighs employer group coverage realistically: since you don’t truly own that policy, we count it at only 40% of its face value.
The result reflects what would actually protect your family — not just a guess based on an old conversation with HR. If it shows you’re well-covered, wonderful. If it shows a gap, you now have honest information to act on calmly.
- Takes about 3 minutes to complete
- Nothing is saved, stored, or shared
- Used by licensed professionals (DIME method)
- No email or sign-up required to see your results
“The right amount of insurance isn’t about a sales pitch. It’s about one honest question: if I’m not here tomorrow, will my family still be okay?”
of American families rely on workplace coverage alone — coverage that disappears the moment they change jobs or retire.
Your Personal Coverage Calculator
Fill In Your Numbers Below
All sections update your result instantly when you click Calculate. Nothing is stored or shared.
1 About Your Family
Who depends on you financially?
2 Income & Finances
What does your family count on you to provide?
3 Debts & Obligations
What would your family need to pay off without you?
4 Future Goals
What should still happen for your family if you’re not here?
5 Coverage You Have Now
Be honest — this is just for you.
Fill in your numbers on the left — all 5 sections — then click Calculate My Coverage Gap to see your results here.
Educational estimate using the DIME method (Debt, Income, Mortgage, Education). Group employer coverage weighted at 40% since it is not portable. Your actual needs depend on your full financial picture. Not financial advice. A licensed agent can review specific options with you.
When to Re-Run This
Life Events That Change Your Numbers
Your coverage isn’t a one-and-done decision. Any time your family or finances shift, so do your needs.
New Baby or Adoption
Each child adds $300k-$500k in long-term obligations. Re-check within 30 days of any new addition to the family.
New Home or Bigger Mortgage
A mortgage is the single largest debt most families carry. Coverage should match the full balance the day you sign.
Marriage or Re-Marriage
You’re now financially linked to someone. If they depend on your income, your coverage needs to reflect that.
College-Bound Kids
College averages $25k-$60k per year. Four years × multiple kids is easily a six-figure gap families overlook.
Started a Business
Revenue, partners, and business debt all change your personal protection needs significantly.
New Vehicle Loans
Auto loans add up. Combined with a mortgage, they can quickly outpace existing coverage.
Job Change
Workplace life insurance almost never follows you. A job change can leave you uncovered overnight.
Aging Parents
When you start contributing to a parent’s care, you become their safety net too.
Grandchildren Arriving
Legacy gifts, college funds, and family trusts — life insurance is one of the most efficient ways to leave something behind.
You Don’t Have to Do This Alone
Three Honest Next Steps
Sit With the Number
Don’t panic and don’t rush. Spend a day thinking about it. Talk to your spouse. The gap doesn’t close itself, but you also don’t have to solve it in five minutes.
Have a Real Conversation
Book a free 30-min call with Jacquelyn. We walk through your numbers together, look at options that actually fit your budget. No pressure to buy anything.
Book a Free Review →Prefer Self-Service?
Apply for term life on your own through Ethos in about 10 minutes. Many applicants qualify with no medical exam required.
Apply on Ethos →Ready to talk it through?
Book a Free Coverage Review
Schedule a free 30-minute call with Jacquelyn. We’ll review your numbers, answer your questions, and look at options that fit your life. No pressure, no obligation — just clarity.