Insurance & Protection · Coverage
What a policy is actually meant to cover.
The DIME method totals what your family would need: Debt, Income replacement, Mortgage, and Education. Compare it to what you already hold to see the gap — a rule-of-thumb to start from, not advice.
Advertisement
Inputs
Receipts
DIME-recommended cover
—
Illustrative gap
—
You have today
—
Advertisement
—
How this is calculated
recommended = (income × years) + mortgage + other_debts + educationgap = max(0, recommended − existing_coverage)
Read me
- DIME is a rule-of-thumb starting point — it ignores existing savings, a surviving partner's income, and tax.
- Illustrative only and not financial or insurance advice. A licensed adviser's needs analysis can move this number either way.
Advertisement