Life Insurance Needs Calculator
Estimate how much life insurance coverage your family would need using the DIME method.
Estimated coverage need
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How this calculator works
This uses a version of the DIME method (Debt, Income, Mortgage, Education) that financial planners commonly use as a starting point: it adds up your outstanding debts, the years of income your family would need replaced, your remaining mortgage, and future education costs, then subtracts what you already have in savings and existing coverage. The result is a rough estimate of how much life insurance would let your dependents maintain their standard of living and meet major upcoming costs without your income.
It's a starting point, not a quote — an insurance agent or fee-only financial planner can refine this based on your actual family situation, existing employer benefits, and whether term or permanent life insurance fits better for you.