This holiday season your life insurance policy has a message for you. A reminder of sorts. We love our families, most of us would do anything to protect them. And some of you have taken steps to protect them when you, well, are no longer. But, what about those of you who haven’t pulled the trigger on that life insurance policy? What are you waiting for? Unexpected death is just that…life won’t warn you when you’ll be hit by a bus. You’ll just get hit.
A life insurance policy will take care of your loved ones when you no longer can. No other product on the planet will do for your family what a life insurance policy can do. Pretty straightforward and simple. Now, get clear on the ideal amount of coverage with our nifty calculator, then call us!
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: yearsThe 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.
Let’s be honest, you have enough things to think about, so we’ve taken the stress out of shopping for life insurance by shopping for you. So, call us at 800-496-9083 and speak to a real person – yup it’s true!
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