← Back to Education CenterA simple DIME framework
How Much Coverage Might I Need?
There is no universal coverage number. One educational starting point is DIME: Debt, Income replacement, Mortgage, and Education.
01
Debt
Estimate consumer debt and other obligations you would want paid rather than transferred to survivors.
02
Income
Consider how much income survivors may need and for how long. This can be one of the largest parts of the calculation.
03
Mortgage
Decide whether the goal is to pay off the full mortgage, cover a portion of it, or simply support monthly housing costs.
04
Education
Include education goals for children or other dependents when those costs are part of the family's plan.