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Annual Income to Replace (I): $85,000

Your annual gross earnings needing replacement for surviving dependents.

Years of Income Replacement: 10 Years

Benchmark: 7–10 years for school-age children; 15–20 years for infants.

Remaining Mortgage Balance (M): $275,000

Ensures dependents keep family home free & clear of monthly foreclosure risk.

Other Debts & Final Costs (D): $35,000

Car loans, student loans, credit cards, plus ~$15k for funeral & probate expenses.

Children College Tuition Target (E): $100,000

Estimated average 4-year undergraduate tuition & room per child.

Existing Savings & Assets (Subtract): -$50,000

Current brokerage, retirement safety cushion, or employer group life.

Recommended Term Coverage

$1,210,000

Based on D.I.M.E. formula. Shields earnings and clears all liabilities.

Est. 20-Year Term Monthly Rate (Age ~35 Preferred)

$42 – $66 / mo

Gross Needs vs Assets Ratio

96% Insured Need

Calculation Notes & Policy Summary

D.I.M.E. Benchmark: Recommended $1,210,000 coverage shields 10 years of earnings replacement ($850k), eliminates remaining mortgage debt ($275k), wipes consumer obligations ($35k), and covers university funds ($100k) minus existing reserves ($50k).

Current Annual Auto Premium: $1,450 / yr

Current Deductible:

Proposed Higher Deductible:

Premium Savings Rate: 14% Discount

Available Cash Emergency Buffer: $4,500

Annual Premium Savings

$203 / yr

Cash saved each year by raising comprehensive & collision deductibles.

Break-Even Time (Claim-Free Years)

2.5 Years

Emergency Cushion Status

Safe to Increase (Buffer: $4,500)

Deductible Analysis Notes

Auto Analysis: Raising collision deductible saves $203/year in premium. Break-even occurs in 2.5 claim-free years.

Anticipated Annual Medical Usage:

Plan A (HDHP/HSA) Monthly Premium: $230 / mo

Plan A Annual Deductible: $3,200

Plan B (PPO) Monthly Premium: $460 / mo

Plan B Annual Deductible: $1,000

Projected Cost Advantage

Plan A Saves $1,840

Lower premiums make HDHP advantageous for moderate care profiles.

Plan A (HDHP + HSA) Annual Total Cost

$4,660 / year

Plan B (PPO) Annual Total Cost

$6,500 / year

Plan Comparison Notes

Health Analysis: Plan A (HDHP + HSA) provides a $1,840 annual net savings advantage under anticipated moderate medical usage.

Policy Type:

Living Area (Square Footage): 2,200 sq ft

Rebuild Cost per Square Foot: $195 / sq ft

Excludes land value; reflects pure labor & material replacement cost.

Personal Liability Limit:

Dwelling Coverage (Coverage A)

$429,000

Target dwelling replacement without market depreciation.

Personal Property (Coverage C - 50%)

$214,500

Loss of Use (Coverage D - 20%)

$85,800

Property Replacement Notes

Property Analysis: Recommended dwelling reconstruction coverage is $429,000 ($195/sq ft) with $214,500 personal contents coverage.

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