1. Home
  2.  » How Much Life Insurance Do I Need?

How Much Life Insurance Do I Need?

The calculator below uses the D. I. M. E. method to determine how much life insurance you need to protect your family.

D – Debt – everything you owe less the mortgage
I – Income – annual income
M – Mortgage – balance on your mortgage
E – Education – kids college expenses

Simply put in your variables (income, debt, mortgage, education,#of children, and # of years to replace income), then click enter and your numbers will appear below.

Edit Variables
Client Income 75000
Partner Income 35000
Client Debt 0
Partner Debt 0
Mortgage 150000
# of Children 2
Est Cost of Education thru Undergrad 65000
#of Years to Replace Income 15
Amt for Client Amt for Partner
Debt 0 0
Income 75000 35000
Mortgage 150000 150000
Education 130000 130000
Total Coverage Needed 1405000 805000

If you have a computer, laptop, tablet, or smartphone with a camera and microphone you may schedule an online face-to-face video meeting. We use Zoom & Google Meet.

Please complete the form below in full to book your virtual consultation. Once you have completed the form, you’ll be taken to our calendar to make your appointment time. Appointments are scheduled for 45 minutes but seldom go beyond 30 minutes as we do all of the preliminaries prior to our meeting. We give you the best options to fit your health needs and your budget. You’ll simply have to pick and choose to customize your life insurance plan.
THERE IS NEVER A COST / FEE ASSOCIATED WITH OUR VIRTUAL CONSULTATIONS (OR ANY OTHER CONSULTATIONS FOR THAT MATTER)!

To receive a detailed personal life insurance quote, please complete this form and we will contact you shortly!

Simply complete this form to request a general life insurance quote. We will contact you shortly!

Or call 239-596-8449

This website provides information for the reader to choose to request more information about life insurance, insurance for small business, health insurance, Medicare, and supplemental insurance including how to request a quote. By requesting a quote, you agree to our Privacy Policy and our Terms & Conditions. If you submit your personal information, you are making a consumer inquiry for life insurance, insurance for small business, health insurance, Medicare, and supplemental insurance through me as a licensed insurance producer as more fully described below. By proceeding, you give your consent and expectation to be contacted by Richard E Smith and/or associates. Any health or personal information shared is protected by applicable privacy laws and regulations, including HIPAA.

Invitations on richardesmith.com for application for insurance are made through Richard E Smith an independent agent/producer. Richard E Smith is a licensed insurance producer in Florida (License# W568154).

Commercial use by others is prohibited by law. No portion of richardesmith.com may be copied, published, faxed, mailed or distributed in any manner for any purpose without prior written authorization from the owner.

Insurance policies described, quoted, shown, and illustrated throughout this website are not an offer for the sale of any particular insurance policy or product, only an invitation for application for insurance coverage and may not be relied upon. There are many variables in different insurance coverages and companies, including various insurance company standards and offerings, underwriting requirements and may not be available in all states.

We do not sell your personal information to anyone! You will not receive unsolicited, intrusive calls or emails from other agents and companies across the country. If you do provide your telephone number, Richard E Smith and/or his associates may call or text message/SMS you at the phone number(s) above, including your wireless number if provided. Normal charges may apply. This call may be generated using automated technology and if we're unable to reach you when we call, we may leave you a pre-recorded message, so you can call us back. Your consent to us calling is not required to get a quote or make a purchase and may be revoked at any time. You may simply call us at 239-596-8449. | Privacy Policy | Terms of Use