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Life Insurance Needs Calculator

How much life insurance you need — DIME method (Debt, Income, Mortgage, Education).

Outstanding Debt (non-mortgage)

Annual Income to Replace

Years of Income to Cover

Mortgage Balance

Number of Children

Education $ per Child

Final Expenses (funeral)

Life insurance you should carry (DIME method)

$1,155,000

Debt$20,000

Income$750,000

Mortgage$250,000

DIME = Debt + Income (× years to replace) + Mortgage + Education + final Expenses.

👉 See coverage guidance and typical cost by age: life insurance by age — estimated coverage, suggested term length, and a rough monthly premium for ages 20 to 70.