Life Insurance Calculator
Calculate how much life insurance you need using the DIME method. Factor in debt, income replacement, mortgage, and education costs.
DIME Method Inputs
Existing Coverage & Savings
DIME Breakdown
0
D - Debts
0
I - Income
0
M - Mortgage
0
E - Education
Recommendation
0
DIME Total
0
Less Existing Coverage
0
Recommended Coverage
Est. Monthly Premium (20yr term)
Premium estimates are rough approximations based on age bracket for a 20-year term policy. Actual premiums vary by health, lifestyle, and insurer. Get quotes from multiple providers.
Frequently Asked Questions
How much life insurance do I need?▾
The DIME method estimates needs by adding Debt, Income replacement (salary x years to retirement), Mortgage balance, and Education costs for children.
What is the DIME method?▾
DIME stands for Debt + Income + Mortgage + Education. Add all debts, multiply income by replacement years, add mortgage balance, and add college costs per child.
Term or whole life insurance?▾
Term life is typically recommended for most families — more coverage per dollar. A 20-30 year term covers your highest-need years.
Is my data stored?▾
No. All calculations happen in your browser.