DIME Analysis

I have a number of friends who asked me a simple question. They say, well, you know, I’d like to buy insurance, but what I’m trying to do is I don’t want to buy too much insurance or I don’t want not to have enough insurance. Okay? Insurance is specifically designed to mitigate against loss. So if you have a family member and one family member dies, then there’s a potential for significant loss. If you have an income and your spouse has an income, if one of you should die, that’s a significant loss. Loss of an income of one family member can mean potential disaster for the family.

This video is designed to help you protect your family against financial hardship. We’ve developed a calculator that can help you mitigate against potential loss just in case a spouse should die. It is important to know that this is based on personal and objective factors. It’s not based on just a cookie cutter approach. It’s based on your specific situation. The method that I’m talking about is called the DIME Analysis or the DIME Method. Dime is an acronym.

  • The “D” refers to both death, “DEATH” and debt, “DEBT”
  • The “I” in the DIME Method refers to income
  • The “M” refers to your mortgage
  • The “E” refers to education

This plan is customized to meet your specific financial needs. We have developed this calculator to help you determine exactly how much money you will need to avoid financial hardship. Let’s go over east letter of the acronym. One half of the D stands for death. This part refers to the amount of money that will be required to properly memorialize you. In other words, how much will it cost to properly bury or cremate? As you may be aware, the average cost of a funeral is now reached about $10,000. When you calculate the first part of the D, you should add in a significant amount of money to ensure that you can properly memorialize your spouse.

The second component of the D refers to the total amount of debt that your family currently has. This debt could include credit cards, car loans, student loans, vehicle debt, or any other form of debt. It is important to note, however, that you don’t have to calculate all of your debt in the DIME Analysis. You may just want to pay off a certain portion of your debt.

The I in the DIME analysis refers to income. Now, income is a very complex factor. Before answering this question on income, you may want to take out a calculator. This question is designed to identify the total amount of money that you will need to survive over an extended period of time. It can be 10 years. It could be for 20 years. It could be for 30 years or longer. You’ll have to identify the annual income that you’d like to have and then multiply by the number of years that you’d like to accumulate that income. Based on your age, your personal savings, your personal investment, your emergency fund, and other resources that you may have, you may not need to calculate so much money in terms of your income.

The M refers to your mortgage. This number refers to the amount of money that’s required in order to pay off your mortgage completely.

The E refers to education. This one, as I said, in the income factor, may require that you take out a calculator. If you have young children, you have to decide whether you want them to go to a private or parochial school. You may want to decide whether you pay for their room and board and other expenses. This number may be pretty high, so based on the level and quality of education that you’d like to provide for your family member or your children, this number may be quite high.

Now that we’ve explained what each letter, of the acronym refers to, let’s see how much insurance you need in our acronym, as an example, the d, in this case, the debt is calculated at $10,000 the other d our debt is about $30,000 a day. The I, or income is about $5,000 per month for 20 years or one point $2 million. The M or mortgage is $250,000, that’s how much it would cost to pay off your mortgage. The E or education is about $200,000. So if you calculate these figures, this family would need $1,690,000 in order to avoid hardship.

Step 1 of 2 - Contact Information

  • Step 1 - Insurance goals