All Calculators

Life Insurance Needs

Quantify the coverage your family needs across debt, income replacement, mortgage, and education using the DIME method.

Debt & Final Expenses

Total Debt
Final Expenses

Income Replacement

Annual Income
Years of Replacement

Mortgage

Mortgage Balance

Education & Family

Number of Children
Cost per Child
Other Family Obligations

Existing Assets (Subtract)

Existing Life Insurance
Liquid Savings & Investments

Note: Retirement assets (RRSP, pensions, etc.) should not be considered "available" for risk management purposes.

Coverage Components

Total Coverage Recommended

$1.2M

Total Need

$1,340,000

Existing Assets

$150,000

Disclaimer: This tool is for illustrative purposes only and does not constitute financial, legal, or tax advice. The DIME method provides a directional estimate; actual coverage needs vary by personal circumstances. All figures in CAD.