You might think life insurance carriers are just greedy behemoths who take your money…they are, after all, for-profit. But, all hope is not lost! Your life insurance coverage is important and you need to keep your family protected. No need to worry. There’s a way you can really stick it to those life insurance carriers – ya know, force them to use that money to help families.
Truth is, most people lose the game of life insurance and the life insurance carriers need to keep it this way. The secret to winning the game of life insurance is actually very easy if you know how. And it’s gonna sound simple and obvious.
So, kick your feet up and learn the six words life insurance companies are praying you don’t learn about!
Whoa! Winning the game of life insurance is so simple. Now, take our nifty calculator for a spin and make sure your family has enough coverage. Then give us a call. We’re old school, so you’ll have to speak with a real person, but we’re guessing that’s the type of service you’d expect.
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.
So, call us at 877-794-9817 and let’s chat about the types of coverage that may make the most sense for you.
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