Advanced · life · 4 min

Advanced life insurance needs calculator

Multi-step DIME model with income-replacement %, scenario bands (lean/balanced/conservative), and visual needs breakdown.

Educational only. PolicyPlain does not sell insurance and does not provide insurance, legal, or financial advice. Coverage rules and prices vary by state and insurer. Read our full disclaimer.

Step 1 of 4· Household

25%

Household
Obligations
Assets
Results

Dependents to protectChildren or others who rely on your income

Years of support to plan forOften until youngest child is independent

Your annual income

Spouse/partner income (optional)Used lightly as an offset—not a full replacement model

Income replacement percentageMany planners model 60–80% of take-home needs

Advanced mode uses income × replacement % × years instead of a flat 10× rule alone—then reconciles with DIME and scenario bands.

How to use results

Treat numbers as educational ranges, not bindable quotes.
Download the Excel decision pack for your exact inputs, outputs, checklist, and matched guides—or use Copy results / Print / save PDF before you close the tab.
Pair with a guideline for the buying process.

Methodology

Models use transparent formulas (DIME, premium multipliers, weighted checklists). Read the full methodology page.