How much life insurance do I need?
The short answer
A simple rule: add your debts, years of income your family needs, your mortgage, and future education costs. That total is a good starting point.
The DIME method
Debt, Income, Mortgage, Education. Add them up and subtract savings or coverage you already have.
Pick the term to match
Choose a term that lasts until your biggest obligation ends. For a new 30-year mortgage, a 30-year term often fits.
General information, not insurance, tax, or legal advice. Coverage subject to underwriting approval.