Life Insurance Needs Calculator
Estimate the right life insurance amount using the DIME method — Debt, Income replacement, Mortgage, and Education costs — then add final expenses.
How this calculator works
The DIME method is a financial-planning standard. Add up the balances your family would need to absorb if you were no longer earning: outstanding Debts, ongoing Income replacement, the Mortgage, and future Education. Then add an estimate for final expenses.
Most term life policies are sized to the gap between this total need and your existing coverage. If you have employer-provided group life, count it under Existing life insurance.
Calculators provide estimates only. Real carrier quotes vary based on factors not captured here. Click “Start my quote” to get a real quote tailored to your specifics from a Florida-licensed agent.