This free tool estimates a life insurance coverage need using the DIME method — a widely referenced framework that adds Debt, Income (over a chosen number of years), Mortgage balance, and Education costs. It produces an illustrative total and a breakdown by component. It shows a coverage need, never a price or premium, and it is not a quote, advice, or a determination of what you need; a licensed agent reviews your specific situation.
What DIME stands for
Debt — non-mortgage debts you'd want covered. Income — annual income multiplied by the number of years you'd want to replace it. Mortgage — the remaining balance on your home loan. Education — estimated future education costs for dependents. The method sums these into an illustrative coverage need.
What it does not do
DIME is one general framework, not a personalized recommendation. The tool shows no price, premium, or product, and it does not determine your actual need. A licensed agent can review your full situation. All figures are illustrative educational estimates.