๐ก DIME โ the 4-letter formula for life insurance.
Not sure how much coverage your family actually needs? Add up:
Debt โ credit cards, car loans, everything owed (not counting the mortgage)
Income โ your annual income ร the years your family would need support
Mortgage โ the remaining balance on your home loan
Education โ future school/college costs for the kids
D + I + M + E = a solid starting number for the conversation.
It's not a final answer โ it's a starting point. And it's exactly the kind of math I walk Michigan families through, in plain English.
Helping One Family at a Time. ๐๐
โ Deep, DM Legacy Partners (licensed life insurance producer)
๐ https://dmlegacy.net
*Educational purposes only. Not financial advice.*