Verified Formula, Methodology & Frequently Asked Questions: Term Life Insurance Coverage Calculator (DIME Method)
Calculate your exact life insurance protection gap using the financial-planner DIME formula (Debt, Income, Mortgage, Education minus Assets).
Verified Mathematical Equation: Coverage Needed = (Annual Income × Years) + Mortgage Balance + Debts + College Fund − Existing Liquid Assets
Frequently Asked Questions (FAQ)
How does the Term Life Insurance Coverage Calculator (DIME Method) work in 2026?
Calculate your exact life insurance protection gap using the financial-planner DIME formula (Debt, Income, Mortgage, Education minus Assets). It uses the industry-standard formula (
Coverage Needed = (Annual Income × Years) + Mortgage Balance + Debts + College Fund − Existing Liquid Assets) and updates your KPIs, visual breakdown bar, and comparison table at 60fps as you type or drag the sliders.How can I share my exact scenario with a client, partner, or spouse?
Click the 🔗 Share Scenario Link button at the top of the page. It encodes every input you entered directly into a custom URL so anyone who clicks your link sees your exact numbers immediately.
Is my financial data private and does this work offline?
Yes—100% of calculations happen locally inside your browser using JavaScript. No personal or financial inputs are ever transmitted to an external database.
Can I embed the Term Life Insurance Coverage Calculator (DIME Method) on my own website or client portal?
Yes! Click </> Embed on Your Site (Free) above to copy a clean, responsive
<iframe> widget that automatically adapts to any screen size.