DIME method
Debts + Income replacement + Mortgage + Education. Simple, conservative, and biased toward enough rather than perfect. 10–12× income is a common baseline.
Life insurance needs calculator
Use the DIME method to calculate how much life insurance coverage you actually need.
Results
Coverage needed
$1,350,000.00
Debts
$250,000.00
Income replacement
$800,000.00
Mortgage
$180,000.00
Education
$120,000.00
Visualization
Frequently asked questions
1.Term or whole life?
Term nearly always — far cheaper, and you outgrow the need as savings and kids grow up. Whole life is mostly for estate planning at high net worth.
Tools that pair with this calculator
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