Start from typical numbers
We've pre-filled U.S. averages so you're not staring at empty boxes — pick what fits and change any number below to match you.
D — Debts
Non-mortgage debts you'd want paid off (credit cards, car loans, student loans, medical bills).
I — Income replacement
M — Mortgage
E — Education
Subtract what you already have
Existing life insurance, savings, and retirement accounts your family could access.
Estimated coverage need
This is a starting point — the right number for you depends on your specific carrier underwriting, health profile, and goals. I'll show you real quotes from multiple A-rated carriers in 5 minutes.
How DIME works
- D — Debts. All non-mortgage debt you'd want gone so your family inherits a clean slate.
- I — Income replacement. Annual after-tax income × number of years your family would need to replace it. Most planners use 10x for single earners, 15–20x with young kids.
- M — Mortgage. Remaining mortgage balance so the home payment doesn't crater their finances.
- E — Education. Future education costs per dependent. $100K is reasonable for in-state public 4-year; double for private.
- Subtract existing assets. Current life insurance, liquid savings, and retirement accounts your beneficiaries could access reduce the gap.
Why DIME? It's the framework most fee-only financial planners use because it's transparent and accurate within 80% for typical families. For complex estates (business ownership, special-needs dependents, illiquid assets), get a custom plan. Call me and I'll talk through your situation honestly.