If you are a wage earner with a family and loved ones, you are probably their most valuable asset. We'd like to invite you to take a minute to examine if your survivors will have what they need if you were suddenly gone.
As consumers, we actively seek out insurance protection for our auto and home because the financial and personal impact of the loss of a car or your home is easily understandable. But, fully comprehending the impact to your loved ones at your loss is not always as obvious.
We have provided an easy-to-use calculator that lets you view your situation in a number of ways. You can include lump sum cash needs your family might need soon after your death, perhaps to pay off the mortgage. You can also explore the option of providing an ongoing income to let your survivors maintain the standard of living you want for as long as you wish.
Note: This calculator is a Java applet and may not be optimized for some versions of browsers developed for the Apple Macintosh operating system.
It can take up to 45 seconds before
the calculator is completed load and ready.
How?
Answer each of the questions presented in the tool to the best of your knowledge, and then select "Continue." The second screen will allow you to input the remaining values needed to calculate your result. Select "Calculate" after you have finished entering your values. When your result is displayed, you may click the "Lump Sum Cash Needs" and "Survivor Income Needs" tabs to click and drag sliders to adjust your original inputs, or choose "Back" to manually alter the values. The links on the calculator inputs provides links to a help screen that explain each of the input fields. You may also access the help screen by clicking on the help icon in the upper right hand corner.
This analysis is based solely on the information provided by you. All examples, if any, are hypothetical and for illustrative purposes and do not represent current or future performance of any specific investment. No guarantees are made as to the accuracy of any projection. This information does not serve, either directly or indirectly, as legal, financial or tax advice, and you should always consult a qualified professional legal, financial and/or tax advisor when making decisions relative to your individual tax situation. All investments carry a degree of risk, and past performance is not a guarantee of future results. Generally speaking, the greater the return, the greater the risk.
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