Lump Sum Needs at Death: |
|
| |
Final Expenses: |
|
$ 0.00 |
| |
Outstanding Debts: |
+ |
$ 0.00 |
| |
Mortgage: |
+ |
$ 0.00 |
| |
College Funding: |
+ |
$ 0.00 |
|
|
|
|
| |
Total lump sum needs: |
= |
$ 0.00 |
| |
Income needs: |
|
| |
Annual income to be provided: |
|
$ 0.00 |
| |
Number of years to provide income: |
|
|
| |
Estimated inflation rate: |
|
% |
| |
After-tax net investment yield: |
|
% |
| |
Calculation & Results: |
|
| |
Present Value of income needs*: |
|
$ 0.00 |
| |
Lump sum needs: |
+ |
$ 0.00 |
|
|
|
|
|
|
= |
$ 0.00 |
|
| |
Less current investment capital: |
- |
$ 0.00 |
| |
Less existing life insurance: |
- |
$ 0.00 |
| |
Less Present Value of spouse's income*: |
- |
$ 0.00 |
|
|
|
|
| |
Your need for additional life insurance: |
= |
$ 0.00 |
Based on the information you provided, you need an additional $0.00 of life insurance. Should you die, the financial impact on your dependents is the loss
of your income as well as the immediate expenses associated with your death. The death benefit offered through life insurance serves as replacement income for a period
of time to help your family build a more financially secure future.
* Present Value the amount of capital required today in order to equal the income stream you specified, given the assumed net investment yield.
