Life Insurance Coverage Calculator

Using the DIME method (Debt, Income, Mortgage, Education)

Outstanding debts (excluding mortgage)

Include credit cards, loans, and other debts

Annual income to replace

Your current yearly income that needs to be replaced

Years of income replacement

How many years of income your family would need

Remaining mortgage balance

Current balance on your home mortgage

Education fund goal

Total college/education funds needed for all children

Current savings & coverage

Include savings and existing life insurance coverage