Life Insurance Coverage Calculator
Calculate how much life insurance coverage you need to protect your family using the DIME method.
Calculation Inputs
Calculation Results
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Enter inputs on the left and click Calculate to view results.
Formula & Methodology
DIME = Debts + Income × Years + Mortgage + Education; Additional = DIME − Existing
DIME stands for Debt, Income, Mortgage, Education. A simpler rule is 10-12× annual income.
Frequently Asked Questions
How much life insurance do I need?
The DIME method adds up your debts, income replacement need (10-20 years), mortgage, and education costs. Most advisors recommend 10-12× annual income as a starting point.