Life Insurance Coverage Needs (DIME Method) Calculator
Calculate recommended term life insurance death benefit payout using the DIME formula (Debt, Income, Mortgage, Education).
Calculation Inputs
Calculation Results
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Enter inputs on the left and click Calculate to view results.
Formula & Methodology
Coverage = Debt + (Income × Years) + Mortgage + College - Existing Savings
DIME is the industry standard financial planning rule for estimating family protection coverage.
Frequently Asked Questions
How long should my term life policy last?
Match your term length to your longest financial liability (e.g. 20 or 30-year term to cover a mortgage or children reaching independence).