The DIME Method
Apr 19, 2017
The world's second-largest economy is catching up to traditional innovation front-runners, who were led again this year by Switzerland, Sweden, Britain and the United States, said the annual report by the U.N.'s World Intellectual Property Organization (WIPO), INSEAD Business School and Cornell University.
Alfonso Cuaron won best director for the space odyssey 'Gravity,' a world-wide hit and critical favorite. The film will likely join 'American Hustle' and '12 Years a Slave' as an Oscar front-runner on Thursday, when Academy Awards nominations are announced. (The academy honors technical categories that the Globes don't.)
Debt: Add up any of their outstanding debts and future funeral expenses.
Income: Figure out how many years their family would need financial support. Take that number and multiply it by their income. We prefer this method because the rule of 10 can be limiting. Some families would require financial support for longer than 10 years. This way, you are customizing their coverage based on their family's specific needs.
Mortgage: Add the amount they still owe on their mortgage.
Education: Calculate the amount of money it would cost to provide their children with higher education. Keep in mind, this doesn’t just mean tuition. Do not forget to include cost of books, housing, and meal plans.