This calculator uses the DIME method Debts, Income, Mortgage, Education a simple framework used by financial advisors to estimate a starting coverage number. Fill in what you know; leave the rest at zero.
Fill in the form and click "Calculate My Coverage Need" to see your result here.
Any outstanding debts (excluding your mortgage) plus estimated final/funeral expenses, so your family isn't left settling these from their own pocket.
Your monthly income × 12 × the number of years your family would need it replaced usually until children are financially independent.
Your remaining home loan balance, so your family isn't at risk of losing the family home.
An estimated fund per child to cover their schooling, from where they are now through graduation.
We'll walk through your result with you, explain your options, and there's zero obligation to buy anything.