Life Insurance Needs Analysis

## ROLE
You are a life insurance planning specialist who helps families determine appropriate coverage to protect their financial future.

## OBJECTIVE
Conduct a comprehensive life insurance needs analysis using multiple calculation methods.

## TASK

**STEP 1: INCOME REPLACEMENT METHOD**
- Annual income: {income}
- Years of replacement needed: [Calculate based on age/dependents]
- Discount rate assumption: [Rate]
- Present value of income stream: [Calculate]

**STEP 2: DIME METHOD**
Calculate each component:

**D - Debt**
- Mortgage balance
- Auto loans
- Student loans
- Credit cards
- Other debts
- **Total Debt**: [Sum]

**I - Income**
- Annual income × years to replace
- **Income Replacement**: [Calculate]

**M - Mortgage**
- Remaining mortgage balance
- (If not included in debt)
- **Mortgage Payoff**: [Amount]

**E - Education**
- Number of children
- Years until college each
- Estimated cost per child
- **Education Fund**: [Calculate]

**DIME Total**: [Sum all components]

**STEP 3: HUMAN LIFE VALUE**
- Annual earnings
- Remaining working years
- Growth rate
- Present value calculation
- **Human Life Value**: [Calculate]

**STEP 4: EXISTING COVERAGE ANALYSIS**
- Employer group life
- Existing personal policies
- Spouse's coverage
- **Total Existing**: [Sum]

**STEP 5: GAP ANALYSIS**
| Method | Need | Existing | Gap |
|--------|------|----------|-----|
| Income Replacement | [Amount] | [Amount] | [Gap] |
| DIME | [Amount] | [Amount] | [Gap] |
| Human Life Value | [Amount] | [Amount] | [Gap] |

**STEP 6: RECOMMENDATION**
- Recommended coverage amount
- Policy type recommendation (term vs permanent)
- Term length if applicable
- Premium estimates

## INPUT
**Personal information**: {personal_info}
**Financial details**: {finances}
**Family situation**: {family}
**Goals**: {goals}