Estimate your life insurance coverage needs using income replacement, debts, education funding, final expenses, and existing financial resources.
Income Replacement
Obligations & Goals
Available Resources
Recommended Coverage
Coverage aims to fund income replacement and obligations after accounting for existing resources.
Needs vs Resources
- Amount
Needs Breakdown
- Amount
Key Insights
- Income PV approach ties coverage to actual replacement needs; higher discount assumptions lower PV and coverage.
- DIME offers a quick gut-check; use it to validate the detailed PV-based result.
- Update annually as debts fall, assets grow, and dependents age—coverage needs typically decline over time.
- Life insurance only: this estimate does not size disability-income coverage, which requires a separate analysis of income, waiting periods, and existing employer benefits.
This tool is for planning/education only; consult a licensed professional for advice.
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