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Life Insurance Calculator
Answer a few questions about income, debts and goals to see the cover your family would need — with three methods side by side.
Life Insurance Calculator
DIME method
$1,140,000
10× income rule
$800,000
15× income rule
$1,200,000
Lump sums − assets
$340,000
HLV = present value of the income your family needs until your chosen age (at the real return after inflation) + debts, mortgage, education and final expenses − savings and existing cover. Term insurance is the cheapest way to buy this cover. An estimate, not financial advice.
Estimates for planning only — not insurance, financial or tax advice. Premiums, rules and benefits vary by insurer and change; confirm with your insurer or a licensed adviser. Disclaimer
Three ways to size cover
- Human Life Value (HLV): present value of the income your family would lose, plus debts and goals, minus assets.
- DIME: Debt + Income (up to 10 years) + Mortgage + Education.
- Income multiple: 10–15× annual income — quick but ignores your debts.
Estimates built on public formulas and published limits — not a quote and not financial advice. Premiums depend on the insurer’s underwriting.