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.