Life Insurance Calculator (DIME Method)
Use the DIME method to calculate your life insurance needs with precision. This approach considers your debts, income replacement needs, mortgage balance, and education funding to determine the right coverage amount, factoring in spouse income and Social Security benefits.
Inputs
$
$
$
$
$
$
$
$
$
$
Results
Coverage Needed
$680,000
Total Needs
$855,000
Existing Resources
$175,000
Income Replacement
$330,000