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Durga Puja · Oct 16–18
Financial education · Guides · Calculators
Dimeguard

Calculator

How much coverage would your family actually need?

Put in your income, who depends on it, and the coverage you already have. The estimate updates as you type, and every assumption behind it stays on screen where you can change it.

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Estimated coverage to discuss

$1,200,000

12× your annual income — 10 years of income replacement plus 2 more for your dependents.

Assumptions — adjust these

10

A simple income-multiple method: each dependent adds one further year of income on top of the base multiple. It ignores debts, college costs, a surviving partner’s income, and how the proceeds would be invested — all of which matter in practice. A directional estimate for a conversation, not an underwriting figure.

One step

See what this number means

Your readout compares the estimate against the coverage you already have, and flags the gap in plain language.

We use this to send your readout and follow up once. No list, no sharing, unsubscribe any time.

DimeGuard LLC is a financial-education platform, not a licensed insurance agency or professional advisory firm. Content is general education, not individualized tax, legal, accounting, investment or insurance advice. Insurance services are offered separately by Saral Toms only where he is personally licensed and authorized.

Before you read too much into it

What a number like this can and can't tell you.

A coverage estimate is a way of asking a better question, not a quote. These are the limits worth holding in mind.

What does this calculator actually do?

It multiplies your annual income by a chosen number of years of income replacement, adds one further year of income per dependent, and compares that total against the life insurance you already have in place.

Why an income multiple instead of a detailed needs analysis?

Because a simple, visible formula is easy to sanity-check and hard to hide behind. A full needs analysis — debts, college costs, a surviving partner's income, final expenses — matters a great deal in practice, and it's worth working through against your actual situation rather than a form.

Does employer coverage count?

Include it in the coverage field if you like, but remember most employer coverage ends when the job does and is often capped at one or two times salary. Many families treat it as a supplement rather than the foundation.

Is this advice?

No. It's a directional estimate meant to start a conversation. Nothing here accounts for your health, budget, policy type, or how the proceeds would actually be used.

DimeGuard LLC is a financial-education platform, not a licensed insurance agency or professional advisory firm. Content is general education, not individualized tax, legal, accounting, investment or insurance advice. Insurance services are offered separately by Saral Toms only where he is personally licensed and authorized.