Why Use the Life Insurance Needs Calculator?

Life insurance is an essential financial safety net for your family.

But how much coverage do you actually need?

This Life Insurance Needs Calculator helps you determine the right amount of insurance to ensure your loved ones are financially secure if something happens to you.

This calculator follows the " DIME "method, covering four key areas:

✔D– Debt: Pay off outstanding loans and obligations

✔I– Income Replacement: Provide for your family’s living expenses

✔M– Mortgage: Ensure your family can stay in their home

✔E– Education: Secure your children's future education

Who Should Use This?

✅ Parents wanting to secure their children's future

✅ Homeowners who want to protect their mortgage

✅ Individuals with outstanding debts or dependents

✅ Anyone looking for peace of mind knowing their family will be financially stable

By using this calculator, you can make informed decisions

about your life insurance needs and ensure your loved ones are protected.

How to Use the Calculator

1️⃣Enter Your Financial Details

Total Debt (Loans, credit cards, etc.)Outstanding Mortgage balanceNumber of Years your income needs to be replacedYour Annual IncomeEstimated Education Costs for your childrenCurrent Savings & Investments

2️⃣Click "Calculate Insurance Needs"

The calculator will estimate the amount of life insurance coverage needed.

3️⃣View Your Recommended Coverage

You will see the total life insurance amount required to cover all expenses and secure your family's financial future.