United Kingdom life insurance needs calculator
Most families in the UK need life insurance roughly equal to their debts, plus several years of income, their mortgage and future education costs, minus existing cover. This free calculator applies the DIME method to estimate how much you need in seconds — no signup.
Recommended coverage
£935,000
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How this estimate is calculated
We use the DIME method — Debt, Income, Mortgage, Education. Recommended cover = debts + (annual income × years to replace) + remaining mortgage + future education costs + final expenses, minus existing cover and earmarked savings. This is a universal framework; amounts are in your local currency.
See our full methodology for assumptions, limits and the 2026 data used.
Sources
- Insurance Information Institute — How much life insurance do I need? (DIME method explainer) (2025)
- NerdWallet — How Much Life Insurance Do I Need? (DIME method) (2025)
- Written by
- Colson — Founder & insurance-data researcher, ColsonSuperApps LLC
- Verified
- Every figure checked against its cited primary source
- Last updated
- June 13, 2026
- Standards
- Editorial policy
This is an estimate based on published average-rate data for informational purposes only — not a quote, and not insurance, legal or financial advice. Your actual price depends on the carrier and underwriting. Get a real quote for exact pricing.