Shield / Life Insurance Calculator
🛡️ Life Insurance Needs Calculator
Find out exactly how much life insurance your family needs using the trusted DIME method — instantly and privately.
📊 Your details
✅ Your recommendation
Recommended coverage
$0
The DIME Method Explained
The DIME method is one of the most trusted frameworks for calculating life insurance needs. Instead of relying on a rough multiplier, it builds your number from the four real costs your family would face — giving you a far more accurate, personalized result.
D
Debts
Pay off all outstanding debts plus final/funeral expenses so your family isn't burdened.
I
Income
Replace your income for the years your dependents still need financial support.
M
Mortgage
Pay off the mortgage so your family can stay in their home.
E
Education
Fund college costs for each of your children.
The formula
Coverage = (Debts + Funeral) + (Income × Years) + Mortgage + (Children × College) − Savings
How to use this number
- Compare it against any life insurance you already have through work or individual policies.
- Term life insurance is usually the most affordable way to reach this coverage amount.
- Re-run the calculator whenever your income, debts, or family situation changes.
- Younger, healthier applicants lock in lower premiums — so acting early saves money.
This calculator provides estimates for educational purposes only and is not financial or insurance advice. Actual coverage needs and premiums vary by insurer, age, health, and other factors.