Life Insurance Calculator
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About this app
Not sure how much life insurance you need? This free calculator walks you through it step by step β 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:
π DIME Foundation
The gold standard method used by financial planners β calculates your needs based on Debt, Income, Mortgage, and Education costs.
π¦ Inherited IRA Tax Burden
A often-overlooked need β 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.
π’ Business Needs
Own a business? Calculate buy-sell agreement funding and business continuity needs.
β¨ Special Situations
Special needs dependents, charitable giving goals, estate equalization, and long-term care funding.
πΌ Existing Resources
Subtract what you already have β existing policies, savings, and spouse income β to find your true coverage gap.
FEATURES:
- Results update instantly as you type
- No account or sign-up needed
- No data collected β 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.
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:
π DIME Foundation
The gold standard method used by financial planners β calculates your needs based on Debt, Income, Mortgage, and Education costs.
π¦ Inherited IRA Tax Burden
A often-overlooked need β 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.
π’ Business Needs
Own a business? Calculate buy-sell agreement funding and business continuity needs.
β¨ Special Situations
Special needs dependents, charitable giving goals, estate equalization, and long-term care funding.
πΌ Existing Resources
Subtract what you already have β existing policies, savings, and spouse income β to find your true coverage gap.
FEATURES:
- Results update instantly as you type
- No account or sign-up needed
- No data collected β 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.
Find out exactly how much life insurance you need with this free calculator.
Updated on
Safety starts with understanding how developers collect and share your data. Data privacy and security practices may vary based on your use, region, and age. The developer provided this information and may update it over time.
- No data shared with third partiesLearn more about how developers declare sharing
- No data collectedLearn more about how developers declare collection
Whatβs new
Initial release of the Life Insurance Needs Calculator.
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About the developer
MATTHEW CHRISTOPHER MEGALLY
matthewmegally@gmail.com
United States