FreeDIME method — scientifically estimate your life insurance needs: Debt, Income, Mortgage & Education.
🎯 Recommended Coverage
-
DIME method result
📊 Income Multiple
-
Coverage / Annual Income
📋 DIME Breakdown
| Category | Amount |
|---|
| Debt (D) | - |
| Income Replacement (I) | - |
| Mortgage (M) | - |
| Education (E) | - |
| Less: Existing Assets | - |
| Recommended Coverage | - |
📘 DIME Method Explained
The DIME method breaks down life insurance needs into four categories:
- D (Debt): All debts to be paid off, including funeral costs
- I (Income): Income replacement for your family, typically 10-15 years
- M (Mortgage): Remaining mortgage balance
- E (Education): College and future education costs for children
Formula: Recommended Coverage = D + I + M + E - Existing Assets