Life Insurance Calculator - DIME Method

Calculate Your Coverage Needs

This calculator uses the DIME method to help you determine the appropriate life insurance coverage for your family's needs. Answer the questions below to receive a personalized coverage estimate.

Debts

Income

Mortgage

Education

D Debts

Credit Card Debt

Total balance owed on all credit cards

Auto Loans

Outstanding balance on vehicle loans

Personal Loans

Any other personal debt obligations

Other Debts

Medical bills, legal fees, or other outstanding debts

I Income Replacement

Annual Income to Replace

The yearly income your family would need to maintain their lifestyle

Years of Income Coverage Needed

How many years should this income be replaced?

Coverage Period

Until youngest turns 18

Until youngest turns 22 (college)

M Mortgage

Mortgage Coverage Option

Cover annual payments

Pay off balance

Monthly Mortgage Payment (Principal & Interest)

Years to Cover Payments

Annual Property Taxes

Annual Homeowners Insurance

E Education

Number of Children Needing Education Funding

+ Final Expenses

Closest Major City in NY

Funeral and burial costs vary by location

Your Estimated Coverage

Recommended Life Insurance Coverage

Coverage Breakdown

Debts $0

Income Replacement $0

Mortgage & Housing $0

Education $0

Final Expenses $0

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Important Disclaimer: This calculator provides an estimate based on the DIME method and should be used as a starting point for planning. Your actual insurance needs may vary based on your specific circumstances, existing assets, and financial goals. We recommend consulting with a licensed insurance professional to determine the most appropriate coverage for your situation. This estimate does not account for inflation, investment returns, or existing life insurance policies.