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Life Insurance
Coverage Calculator

Answer 5 questions. Get your recommended coverage amount β€” plus an estimated monthly rate β€” in under 60 seconds. Free, instant, no personal info required.

Texas-based advisorsTower Hill carrier network A++ carrierNo medical exam for most plans

Your Income & Family

$

Your total pre-tax income per year

We add $60K education fund per child

Most experts recommend 10–20 years

Debts & Obligations

$

Remaining balance on your home loan

$

Car loans, credit cards, student loans, etc.

About You (for rate estimate)

Rate estimates are for 20-year term, standard health, non-smoker. Actual rates set at underwriting.

Recommended Coverage
$1.8M

Based on the DIME method β€” widely used by financial advisors

Income Replacement$1.5M
Mortgage Payoff$200K
Outstanding Debts$25K
Children's Education Fund$120K
Estimated Monthly Premium
~$85/month

20-yr term Β· standard health Β· non-smoker estimate. Real rates may be lower.

Get My Real Rate β€” It's FreeCall (832) 856-1704 Β· Speak with an Advisor

No personal info required to get a quote Β· Texas residents only

A++
AM Best Β· Tower Hill carrier network
$0
Application fee
TX
License #2608479TX
165yr
Carrier founded 1860
The Methodology

How This Calculator Works

We use the DIME method β€” the same framework financial advisors and CFPs recommend for calculating life insurance needs.

D

Debt

All debts your family would inherit β€” credit cards, car loans, student loans, and any personal loans.

Ex: $45,000 in auto + credit card debt

I

Income

Your annual income multiplied by the number of years your family would need financial support.

Ex: $75K Γ— 20 years = $1.5M

M

Mortgage

The remaining balance on your home loan. Your family deserves to stay in their home β€” free and clear.

Ex: $280,000 remaining balance

E

Education

College costs for each child. Average in-state Texas university runs ~$60,000 for 4 years.

Ex: 2 kids Γ— $60K = $120,000

Sample Texas Term Life Rates

20-year term Β· $500,000 coverage Β· standard health Β· non-smoker Β· indicative only

Age
Female / Month
Male / Month
Age 25
$18
$22
Age 30
$20
$26
Age 35
$26
$34
Age 40
$38
$52
Age 45
$60
$86
Age 50
$92
$138
Age 55
$148
$224

Indicative rates. Actual premiums depend on health history, tobacco use, and carrier underwriting. Get your exact rate free at /quote.

Frequently Asked Questions

How much life insurance do I actually need?
Most financial advisors recommend 10–15Γ— your annual income as a starting point. The DIME method above gives a more precise number by factoring in your mortgage, debts, and children's education. Use our calculator above to get your personalized recommendation.
Is $500,000 enough life insurance?
It depends on your income, debts, and family size. For a Texas family earning $75,000/year with a $250,000 mortgage and two kids, $500,000 may fall short. Our calculator shows exactly how much you'd need based on your specific situation.
How is my monthly rate determined?
Insurers set rates based on your age, gender, health history, tobacco use, coverage amount, and term length. Younger, healthier applicants pay significantly less. Getting coverage today β€” before a health event β€” locks in your lowest-ever rate.
Is term life or whole life better for Texas families?
For most families, term life insurance (20–30 year) provides the most coverage per dollar. It's ideal for income replacement during your working years. Whole life builds cash value but costs 5–10Γ— more per month for the same death benefit.
Do I need a medical exam to get covered?
No β€” many Tower Hill carrier network policies skip the medical exam entirely through accelerated underwriting. Most healthy applicants under age 60 qualify for no-exam coverage based on a health questionnaire alone.

Ready to See Your Real Rate?

This calculator estimates your needs. Your actual price is set by the carrier β€” and it may be lower than you think. Get your real quote in 2 minutes, free.

TX Licensed Agency #2608479TX Β· Tower Hill carrier network A++ Β· No personal info to start

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