Coverage calculator

How much do you actually need?

Two minutes, no email, no sales pitch. We add up what your family would have to replace if you weren’t around — and subtract what you’ve already set aside. The number that comes out is a starting point, not a quote.

How we calculate

We use the standard DIME framework that brokers across the industry start with — Debt,Income replacement, Mortgage, andEducation — then subtract the assets your family already has working for them.

Income replacement covers the years your family would lean on your paycheck. Ten years is a common anchor.
Mortgage payoff wipes the biggest fixed bill so the home stays the home.
Education fundsets aside a per-child target so college isn’t the next thing to give up.
Final expenses cover funeral, burial, and the small debts that follow a death.

Honest caveats

This is an estimate, not a quote.
Your real premium depends on age, health, and the carrier you write with.
An agent can usually find you more coverage for less than the calculator suggests.
We don’t store anything you type here.

Your numbers

Round figures are fine — the goal is a ballpark, not a tax return.

Income to replace

Annual incomePre-tax household income you want covered.Years to replaceHow long should your family lean on the policy?

Debts to clear

Mortgage balanceRemaining balance, not the original loan.Other debtsCards, auto loans, student loans, anything you’d want gone.

Education fund

Number of childrenKids you want to fund through school.Per-child targetCommon starting points: $40k state school, $100k+ private.

Final expenses & assets you already have

Final expense reserveFuneral and burial costs run $9k–$15k in most U.S. states.Existing life insuranceGroup plan through work, an old policy, anything in force today.

Liquid savingsCash and brokerage your family could actually access right away.

Recommended coverage

$1,075,000

A starting point — most families round up to the nearest $50k tier and let the agent shop the case.

Income replacement10 yr × $75,000

$750,000

Mortgage payoff

$250,000

Other debts

$15,000

Education fund2 × $60,000

$120,000

Final expenses

$15,000

Total needs

$1,150,000

Existing coverage & savings$50,000 policy + $25,000 cash

− $75,000

Recommended death benefit

$1,075,000

Get a real quote Talk to an agent

Ready for a real number?

The calculator gets you in the right ballpark. To see what an actual policy in your state would cost — based on your age, health, and the carriers we’re appointed with — request a free quote from a licensed PlondoLife agent. Get a quote or send us a note.

Important disclosures

This calculator is for general educational purposes only and is not insurance, tax, legal, or financial advice. The amount it suggests is an estimate based on the inputs you provide and does not account for inflation, investment returns, taxes, or changes in your family’s circumstances over time. It is not a quote, an offer of insurance, or a binder of any kind. Eligibility for coverage, final premiums, riders, and benefits are determined by the issuing carrier’s underwriting process. Consult a licensed PlondoLife agent — or another qualified professional — about your specific situation. See our Licensing & Disclosures for the full picture.