Protection Management

CAPITALChoice Associates believe that our clients need to protect their heirs against the loss of income with term life insurance.  In the event of a premature death there are two needs to consider for surving family members:

  • Immediate cash needs
  • Income replacement

Types of Insurance and Their Cost

Term insurance coverage premiums usually cost dramatically less than other types of insurance.

Our Approach: The DIME Method

A simple method, commonly called DIME, can help you determine your insurance needs through a simple formula.

This formula considers:

D - The sum of money needed to pay off outstanding debts and final expenses.

I - The amount of monthly income needed to provide for the living expenses of the surviving family.

M - The amount of funds needed to pay off the mortgage.

E - The total amount of money needed to pay for a child's (or children's) college education.