Life Insurance Needs Calculator

Using the DIME method: Debts, Income, Mortgage, Education

Household Basics

Current Age

Annual Gross Income

Years to Replace Income

10 years

Existing Life Insurance Coverage

Liquid Savings Available for Survivors

Cash and non-retirement savings

Debts and Final Expenses

Non-mortgage Debts

Final Expenses

Mortgage

Current Mortgage Balance

Years Remaining

Education

Number of Children

Estimated College Expenses per Child

Recommended Coverage

$1,000,000

Total Need Before Offsets

$1,000,000

Offsets Applied

Coverage Breakdown

Component Details

Income Replacement $1,000,000

Mortgage $0

Education $0

Debts $0

Final Expenses $15,000

Coverage Band

Minimum (90%) $900,000

Target (100%) $1,000,000

Stretch (110%) $1,100,000

Consider your comfort level and any special circumstances when choosing coverage within this band.

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This calculator is an educational tool. Results are estimates and not a recommendation. Coverage decisions should consider your full financial picture and product suitability.

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