Personal Finance • Family Protection

Life Insurance Needs Calculator (DIME Method)

Accurately quantifies family financial protection by auditing debt, income replacement, mortgage payoff, and college education.

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Life Insurance Needs Calculator (DIME Method)

Interactive Calculation Console

How This Calculator Works

Sums immediate liabilities plus long-term family living requirements minus current liquid assets.

DIME Insurance Formula

Coverage Needed = Debt + (Income × Years Needed) + Mortgage + Education Costs

Frequently Asked Questions

What is the DIME method?
DIME stands for Debt (non-mortgage), Income (to replace), Mortgage (pay off balance), and Education (children tuition).

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