Life Insurance Planning with the DIME Method

DIME is a practical framework to estimate coverage: Debt + Income + Mortgage + Education. It gives you a rational starting target before comparing plan types.

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Interactive DIME Life Insurance Calculator

Enter your household estimates below. Everything stays in your browser and updates your starting target range in real time.

D: Non-Mortgage Debt & Final Expenses Auto loans, credit cards, student loans, funeral costs

I: Annual Household Income to Replace

Years needed: 8 yrs

M: Current Mortgage Payoff Balance Remaining balance to keep the family home

E: Projected Children's Education College, trade school, or dependent tuition

Less: Existing Coverage or Liquid Savings Individual policies or dedicated savings

Estimated Starting Coverage Target

$915,000

Gross DIME need: $915,000 · Suggested comparison band: $750,000 – $1,000,000

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How DIME Works

D: Debt

Add non-mortgage debts: car loans, credit cards, personal loans, and final expenses.

I: Income

Multiply annual income by the number of years your household needs replacement income (often 7-10 years).

M: Mortgage

Use current mortgage payoff amount so your household can keep the home without forced downsizing.

E: Education

Add projected education costs for children or dependents who rely on your income plan.

Example: Debt $35k + Income ($70k x 8 years = $560k) + Mortgage $240k + Education $80k = $915,000 target.

D + I + M + E = starting life insurance target range.

Important Notes

DIME is a planning framework, not a final underwriting quote.
Final premium depends on age, health profile, tobacco status, and term length.
Most families can compare multiple term amounts around the DIME target to balance budget and protection.

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