Insurance Needs Calculator (DIME Method)
An educational starting point for thinking about life insurance coverage, using the DIME framework: Debt, Income replacement, Mortgage, and Education.
This is an educational estimate and is not an insurance recommendation. Definitions of each component can vary, and appropriate coverage depends on your full financial picture — discuss your specific needs with a qualified professional.
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Estimated coverage gap
$885,000
Income replacement need
$700,000
Total need (DIME)
$1,015,000
DIME: Debt + Income replacement (income × years) + Mortgage + Education, minus existing assets and coverage already in place. This is one educational framework among several — not the objectively correct number for everyone.
Sources & further reading