Answer 6 questions and get a free DIME estimate in under 2 minutes — no account required.
Your DIME Coverage Estimate
The DIME method adds up four key financial areas to estimate how much life insurance coverage your family may need.
Enter your best estimate for each field. If a category doesn’t apply to you, enter $0 or leave it blank.
DDebt
IIncome
MMortgage
EEducation
D — Outstanding Debts
?Include credit cards, car loans, student loans, and personal loans — not your mortgage (that goes in M below).(not your mortgage)
$
I — Annual Income to Replace
?Your current yearly income before taxes. If you were gone tomorrow, how much would your family need to replace each year?
$
Number of Years to Replace It
?How many years should your family be covered? 10–20 years is common for families with young children.(e.g., until kids are grown)
No value entered — using 10 years as the default in your estimate.
M — Remaining Mortgage Balance
?The amount still owed on your home loan. This helps your family keep the home if you’re no longer there to make payments.
$
E — Future Education Costs
?Estimate total future education costs for all your children. A common estimate is $50,000–$100,000 per child. Enter 0 if not applicable.(all children combined)
$
Existing Life Insurance Coverage
?Total death benefit from any life insurance you already have — employer group coverage, individual policies, etc. Enter 0 if you have none.(we’ll subtract this from your total)
$
Please enter at least one dollar amount to calculate your estimate.
This is an educational estimate only. Actual coverage needs and eligibility vary.
Your estimated coverage need
—
Rounded estimate based on your inputs — actual needs vary by individual and should be reviewed with a licensed agent.
Currently covered: Coverage gap:
What this means
Get Your Results + Coverage Options
Jerry will reach out with your personalized estimate and options from multiple carriers that may fit your situation — no pressure, no obligation.
✓
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Jerry will be in touch shortly with your estimate and some coverage options tailored to your situation.
In a hurry? Call or text Jerry directly: 612-712-1289
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Schedule a free life insurance review with FinCoverage. We compare options from multiple carriers to find what may fit your situation — no pressure, no obligation.
I’m an independent agent — I shop multiple carriers to find options that fit your situation, not just what one company offers. — Jerry
Educational Estimate Only. This calculator provides a rough estimate for educational purposes only based on the information you enter. Results do not represent a guarantee of coverage, a specific premium rate, or a recommendation to purchase any insurance product. Actual coverage needs vary based on individual circumstances including income, assets, liabilities, family situation, and financial goals.
Product availability, features, riders, and underwriting vary by carrier and state. Coverage is subject to application, underwriting review, and carrier approval. Not all applicants will qualify. This is not financial, legal, or tax advice — consult a licensed professional for guidance specific to your situation.