Here's how to calculate your life insurance needs with the DIME formula: Multiply your annual income by the number of years you want to provide support Add the numbers from 1, 2, and 3.
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First, multiply your annual salary by the number of years you want to provide support. Add this amount to the following: There are many ways to calculate your life insurance needs, each increasing ...
While it's impossible to calculate your future needs perfectly ... While this results in a larger death benefit, it may work if you want to provide support for longer or account for periods ...