Your Number $1,225,000
60-Second Coverage Calculator

Find out exactly
how much coverage
your family actually needs.

Find the number that matters if you're not here tomorrow.

Your Age 30–39

Term life rates climb steeply with age. Especially after 50. The honest version of "buy it now": every five years you wait, the price roughly doubles.

20s 30s 40s 50s 60+
Annual Income to Insure $75,000

The income your family depends on. If you stopped earning it tomorrow, this is what disappears.

$25K $100K $200K $300K
Years of Income to Protect (Term) 20 years

Until your youngest is financially independent, or until retirement. Term lengths typically run 10, 15, 20, 25, or 30 years.

10 yrs 15 yrs 20 yrs 25 yrs 30 yrs
Outstanding Debt $200,000

Mortgage balance, car loans, student debt. Anything that doesn't disappear when you do.

$0 $150K $350K $600K
Number of Children 2 kids

$50,000 per child in future education costs is a conservative estimate. Adjust your mental model accordingly.

2
Existing Life Insurance $50,000

Include your employer's policy. Most workplace policies are $25K–$50K. That's 6–12 months of median household income.

None $100K $300K $500K
Recommended Coverage
$1,225,000
Income Replacement
Your income × your chosen years
$1,125,000
Debt Payoff
Mortgage + loans. Gone, not inherited.
$200,000
Final Expenses
Funeral, legal, estate costs. National avg.
$25,000
Education Fund
$50K per child. Conservative estimate.
$100,000
Existing Coverage
What you already have in place
$50,000
Coverage gap detected. Your existing policy covers only —% of your family's actual need. The other — would fall on them.
$32–$58 / mo
That's $1.50/day, about what most people spend on lunch twice a week. Still in the affordable window. Each year you wait raises this number ~5–8%.

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This calculator uses the DIME method (Debt + Income replacement + Mortgage + Education), a standard financial planning framework. Cost estimates use 2026 industry-aligned rates from MoneyGeek, Policygenius, NerdWallet, and Ramsey, and reflect 20-year term life policies for healthy nonsmokers in the selected age bracket. All figures are estimates for educational purposes and do not constitute a binding quote. Final rates depend on full underwriting review. Individual rates vary based on age, sex, health, smoking status, term length, and underwriting classification.