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Life Insurance Needs Calculator

Calculate how much life insurance coverage you need using the DIME method: Debt, Income, Mortgage, Education.

DIME Method

D - Total Debts ($)

I - Annual Income ($)

Years of Income to Replace

M - Mortgage Balance ($)

E - Education per Child ($)

Number of Children

Existing Life Insurance ($)

Recommended Coverage

DIME Breakdown

D - Debts --

I - Income Replacement --

M - Mortgage --

E - Education --

Gross Need --

Less: Existing Coverage --

Additional Coverage Needed --

About This Calculator

The DIME method is a simple, widely-used approach: add up Debts, Income replacement needs, Mortgage balance, and Education costs. Subtract existing coverage to find your gap. This is an estimate; consult a licensed insurance professional for personalized advice.