Free tool

Life Insurance Coverage Calculator

Two ways to answer "how much do I need?": a quick income-multiple estimate, or the detailed DIME method with your FEGLI coverage factored in. Everything runs in your browser, and nothing you type leaves this page.

Calculation method Quick, income multiple Detailed, DIME method

Quick estimate

Annual salary Income multiple Existing life insurance (all sources)

Suggested coverage: $0
Existing coverage: $0
Coverage gap: $0

DIME method: debt, income, mortgage, education

Your salary (drives the FEGLI math below) Annual salary

D — debts to clear Non-mortgage debts (car loans, credit cards, student loans) Final expenses (funeral, medical, legal)

I — income to replace

Annual income to replace Years of income

M — mortgage Remaining mortgage balance

E — education Future education costs for dependents

What you already have Savings earmarked for family Other life insurance (outside FEGLI)

Your FEGLI coverage Compute Basic from my salary (salary rounded up to the next $1,000, plus $2,000) Basic amount (override)

FEGLI Basic in force: $0

Option A — $10,000 additional Option B — multiples of salary (0–5) Option C — family units (each unit = $5,000 spouse, $2,500 per child)

Total FEGLI on you: $0

Total need (DIME): $0
Existing coverage and savings: $0
Coverage gap: $0

What this doesn't do

It doesn't recommend a specific insurer or policy. That's a conversation with a licensed agent.
The income-multiple shortcut ignores debts and mortgages. Use DIME for the fuller picture.
Needs change with remarriage, children, or a paid-off mortgage, so revisit this every few years.

Educational estimate only. Not insurance advice. Verify your FEGLI figures against your SF-50 and OPM.