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[VIDEO] Kids and Life Insurance. They Really Get It.

young boys making silly faces

By Selene Garcia | September 14, 2018

Honesty lives here! If you’re still looking for reasons to get that life insurance protection, then it’s time to meet the kids who understand why life insurance matters. Because the old, tired excuses for not having life insurance are lame and over-played…too expensive, don’t understand it or you know you need it, but don’t want to pay. Lame.

So, take 2 and check out what these kids get, that you might not.

Smart kids huh? Your interest is piqued. Check out our nifty calculator and learn more about how much coverage you’d need for your life.

Nifty Life Insurance Calculator

Our Life Insurance Calculator can help you get a rough idea of how much coverage you’ll need to make sure your family is okay financially when you die.

  • Annual income before tax: $

    Annual income is an important factor in determining your needs, but it’s not the only one. When you die, your life insurance is like your final paycheck.

  • % of income needed by dependents:  %

    Because you’ll be gone, presumably they won’t need as much as you’re currently earning.  Typically, 80% of your current income is a good place to start.

  • Your Age: years

    The younger you are, the more years of your income your family stands to lose when you die.

  • Number of years benefits are needed:  

    If you died tomorrow, how many years of income do you want to provide for your family?

  • Annual inflation rate (estimate):  %

    Because of inflation, in order to maintain your family’s current standard of living, you’ll need to plan for increases in their annual income to keep pace.  Historically, inflation has averaged between 2% and 4%.

  • Annual interest rate (estimate):  %

    This is an assumption as to how much you believe your spouse will be able to earn on the death benefit proceeds. We have found that most surviving spouses are usually very conservative in how they invest the death benefit. The most common thing we see is that the money gets deposited into a bank account. You know your spouse better than anyone. Pick a number that you feel your spouse will be able to comfortably earn on the proceeds.

  • Based on the information you provided, you need about

    of life insurance to replace your income for the next years.

So what’s next? Call us at 800-496-9083 and let’s chat about the types of coverage that may make the most sense for you.

We only work with highly rated insurance companies – brand names you trust. You may be able to save money without sacrificing quality and strength.