The Scheiderich Agency

How Much Life Insurance Does
Your Family Actually Need?

Answer a few questions about your financial picture. We'll calculate your recommended death benefit using the proven DIME method — in under two minutes.

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Let's start with you
Basic information to personalize your results.
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D — Debt
Outstanding debts your family would need to pay off. Enter 0 if not applicable.
$
$
$
$
Funeral, burial, end-of-life costs. Average is $15,000.
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I — Income Replacement
How much income would your family need to maintain their lifestyle?
$
The total income your family depends on today.
Tip: Until your youngest child turns 18, or until your planned retirement age — whichever is longer.
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M — Housing
Your housing situation affects how your family would be protected.
$
Enter 0 if your home is fully paid off.
Good news: your income replacement already covers ongoing rent. We add a 3-year housing buffer to give your family time to adjust, relocate, or transition — since they won't have a home asset to fall back on.
$
We'll multiply this by 36 months (3 years) as your housing buffer.
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E — Education & Offsets
College funding for your children, and assets that reduce your need.
$
Average 4-year public university is ~$100,000.
Subtract assets your family already has — these reduce how much new coverage you need.
$
Group policy through work, etc.
$
Emergency fund, brokerage accounts.
Recommended Death Benefit
$0
Based on your DIME analysis
How We Got There
Less: Existing Assets -$0
Your Coverage Gap $0
Let's Protect Your Family,
This estimate is your starting point. As a licensed insurance professional, I can help you find the right policy at the right price — often for less than you'd expect.
📞 Call Us Today ✉ Send My Results
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From the Agency

Learn Before You Buy

Understanding life insurance doesn't have to be complicated. Read these guides before making any decisions.

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This calculator provides an estimate for educational purposes only and does not constitute insurance advice or a guarantee of coverage. Results are based on the information you provide. Please consult with a licensed insurance professional before making any coverage decisions. © 2026 The Scheiderich Agency.