Insurance Tools

Life Insurance Need Calculator

The DIME method is one of the most reliable ways to estimate your life insurance need. It accounts for four key categories: Debt, Income replacement, Mortgage balance, and Education costs for your children.

Debt & Final Expenses

Total non-mortgage debt ($) Estimated funeral/final costs ($)

Income Replacement

Your annual income ($) Years to replace income

Mortgage

Remaining mortgage balance ($)

Education

Number of children Cost per child (4-year est.) ($)

Existing Coverage

Existing life insurance you already have ($)

Recommended coverage amount

DDebt + Final Expenses

IIncome Replacement

MMortgage

EEducation

− Existing Coverage