Life Insurance Needs Calculator

Determine the optimal life insurance coverage required to protect your family's financial future using the standard DIME method (Debt, Income, Mortgage, Education).

1. Financial Obligations (What You Owe)

Total remaining balance on your primary residence and other real estate.
$
Car loans, credit cards, student loans, and personal lines of credit.
$
Average traditional funeral costs range between $7,000 and $12,000.
$

2. Income Replacement & Education

Amount needed annually to maintain current standard of living.
$
Typically until youngest child reaches adulthood or spouse retires.
Years
Number of dependents planning to attend higher education.
Total aggregate cost expected per child for college.
$

3. Existing Assets & Insurance (What You Have)

Cash, savings accounts, brokerage accounts, and existing retirement balances.
$
Current employer-provided or private active life insurance policies.
$

Total Recommended Life Insurance Needs

$0

Financial Breakdown
Total Obligations & Debts (+) $0
Total Income Replacement (+) $0
Total Education Costs (+) $0
Gross Insurance Needed $0
Less Existing Assets & Policies (-) -$0