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Find Out If Your Family Has Enough Coverage

41% of Americans have no life insurance. Use our free calculator to see how much you need — then compare quotes from top-rated carriers instantly.

Coverage Calculator

Answer 4 quick questions. No contact info required.

🔒 No email or phone number needed.

Your Recommended Coverage
$500,000
Based on income, dependents, and mortgage
At age 35, you'll pay roughly 30% less than waiting until 40 for the same coverage. Rates go up every birthday.

Your Personalized Options

Estimated rates based on your age and coverage amount. Click to get your exact quote.

Bestow

5-minute application. Term life up to $1.5M. Backed by North American (A+ AM Best).

5 Min Application No Exam Term Life Only
Estimated
~$24/mo
Get My Exact Quote

Everyday Life

Matches you across multiple carriers for the lowest rate. Coverage up to $10M. Agent-assisted option available.

Multi-Carrier Match Up to $10M Agent Assisted
Estimated
~$22/mo
Compare Carriers
14,200+
families have used Coverloom to check their coverage
★★★★★

"I had no idea how underinsured we were. The calculator showed we needed way more than I thought, and I got approved with Ethos in literally 10 minutes. No blood test, no hassle."

— Sarah M., Nashville, TN
★★★★★

"As a new dad I kept putting this off. Coverloom made it so simple I finally just did it. $500K in coverage for $31/month. Should have done it sooner."

— Marcus T., Knoxville, TN
★★★★★

"I compared all three options and went with Bestow. The whole thing took less time than ordering dinner. My wife finally stopped worrying."

— James R., Charlotte, NC

Why I built Coverloom

After my second child was born, I finally sat down and ran the numbers on our family's life insurance. Turns out we were underinsured by over $400,000 — enough to lose the house if something happened to me. The worst part? I'd been putting it off for years because comparing policies felt overwhelming. I built Coverloom so no family has to go through that same uneasy realization. It takes 60 seconds. Just check.

— The Coverloom Team
How this works: Coverloom helps you estimate your coverage needs and connects you with licensed, A-rated insurance carriers. Clicking "Get My Exact Quote" takes you directly to the carrier's website. Estimated monthly rates are based on publicly available pricing for healthy, non-smoking applicants and may vary based on your individual profile. Coverloom may receive a referral fee at no additional cost to you. We are not a licensed insurance agency.

How Much Life Insurance Do You Actually Need?

Most financial experts recommend carrying life insurance coverage equal to 10–12 times your annual income. But that rule of thumb doesn't account for your specific situation — your mortgage, your children's education costs, or your existing savings.

The Coverloom calculator uses a more complete formula: we take your annual income multiplied by an age-adjusted factor, add your remaining mortgage balance, and include $50,000 per dependent for future education expenses. This gives you a realistic estimate of what your family would need to maintain their standard of living.

Term Life vs. Whole Life Insurance

Term life insurance covers you for a set period — typically 10, 20, or 30 years — and is the most affordable option for most families. A healthy 35-year-old can get $500,000 in term coverage for about $25–$35 per month. Whole life insurance provides permanent coverage with a cash value component, but costs 5–10x more. Most financial advisors recommend term life for families focused on income replacement.

No Medical Exam Life Insurance

Traditional life insurance policies require a medical exam including blood work and a health questionnaire. Today, carriers like Ethos and Bestow offer no-exam policies with instant online decisions. You answer a few health questions, and if approved, you can be covered the same day. These policies may cost slightly more than examined policies, but the convenience makes them increasingly popular — especially for healthy applicants under 50.

When Should You Get Life Insurance?

The best time to buy life insurance is when you're young and healthy — rates increase significantly with age. A policy at 30 costs roughly 30–40% less than the same policy at 40. Key life events that signal it's time to get covered include getting married, buying a home, having children, or taking on significant debt.

How It Works

Covered in 3 Simple Steps

Calculate Your Need

Enter your income, dependents, and mortgage to see exactly how much coverage your family needs.

Compare Top Carriers

See options from A-rated carriers side by side. No email required, no obligation, no pressure.

Apply in Minutes

Choose the best fit and apply directly with the carrier. Many offer instant approval with no medical exam.

Frequently Asked Questions

How much life insurance do I need?
A common rule of thumb is 10–12 times your annual income, plus your remaining mortgage balance, plus $50,000 per dependent for education costs. For example, if you earn $60,000 with a $200,000 mortgage and 2 children, you'd need approximately $900,000 in coverage. Use our free calculator above for a personalized estimate.
Yes. Several top-rated carriers including Ethos and Bestow offer no-exam life insurance policies with instant online decisions. These policies may cost slightly more than traditionally underwritten policies, but many people prefer the convenience of applying online in minutes.
Life insurance costs depend on your age, health, coverage amount, and policy type. A healthy 35-year-old can typically get $500,000 in term life coverage for $25–$35 per month. Rates increase with age, so locking in a policy earlier saves money over time.
Term life insurance covers you for a specific period (10, 20, or 30 years) and is the most affordable option. Whole life insurance provides permanent coverage for your entire life and includes a cash value component, but costs 5–10x more than term. Most financial experts recommend term life for the majority of families.
Yes, using Coverloom is 100% free. We help you estimate your coverage needs and connect you with licensed, A-rated insurance carriers. If you choose to apply, the carrier may compensate Coverloom with a small referral fee — this does not affect your rate. You pay the same price as going directly to the carrier.