How this calculator works
DIME adds up Debt (plus final expenses), Income to replace for a number of years, the Mortgage balance, and Education costs for each child. Your savings and existing coverage come off the total, and the result is rounded up to the nearest $50,000.
Worked example
With the example values below: Coverage to buy, $1,250,000 (total need $1,370,000 before existing resources). Change any number above to run your own.
What you enter
| Input | Example |
|---|---|
| Debts other than mortgage | $25,000 |
| Annual income to replace | $85,000 |
| Years to replace it | 10 yrs |
| Mortgage balance | $280,000 |
| Children | 2 |
| College cost per child | $100,000 |
| Final expenses | $15,000 |
| Resources you have | |
| Savings & investments | $60,000 |
| Existing life insurance | $100,000 |
Grow what this calculator projects.
TruthSayer AI sends quantitative stock signals across valuations, earnings and dark-pool activity, each one traded in its own funded account first.
Estimates for planning only, not financial, tax or legal advice. Tax tools use 2026 federal figures (brackets, $16,100 / $32,200 standard deduction, $19,000 gift exclusion, $15M lifetime exemption). Rates shown as defaults are examples; replace them with quotes you actually receive.