Life Cover & Takaful Needs Calculator
If you provide for your family, how much would they need if you passed away tomorrow? This uses the DIME method — Debts, Income, Mortgage, Education — to estimate the protection (life cover or Takaful) that would keep them secure.
Your family’s need
Why a Muslim should think about this
The Prophet ﷺ told Saʿd ibn Abī Waqqāṣ that "to leave your heirs wealthy is better than to leave them poor, begging from people." Providing for your dependents after your death is part of that responsibility. Inheritance divides what you already own; protection (life cover or Takaful) ensures there is enough there in the first place — to clear the mortgage, bury you with dignity, and keep your children fed and educated.
The DIME method
- D — Debts & final expenses: everything that must be cleared, including your funeral (the first charge on your estate).
- I — Income: the years of earnings your family would lose.
- M — Mortgage: the balance needed to keep the family home.
- E — Education: what it costs to see your children through school and university.
Add these, subtract what you already have (savings + existing cover), and the result is the gap to fill.
Is conventional life insurance allowed?
Many scholars consider conventional insurance problematic (interest, uncertainty) and point to Takaful — a cooperative model — as the Sharīʿah-compliant alternative. The arguments and options are covered in Is life insurance haram? Takaful vs conventional.
Protect, then plan
Pair your cover with a Sharīʿah-compliant will so your wealth reaches the right hands.