Life insurance is one of the most important things you can do to protect your loved ones. It provides financial security and peace of mind to your family in the event of your unexpected passing. However, determining the right amount of life insurance can be a daunting task. The DIME method is a practical guide to help you determine your life insurance needs. This method considers your debt, income, mortgage, and education as the four main factors to calculate the amount of coverage you need. By following this method, you can make an informed decision about the amount of life insurance coverage you need, ensuring that your loved ones are well taken care of after you are gone.
