Tag Archives: Insurance Advisor

How Much Life Insurance Do You Need? (part 2)

This is continued from PART 1 Here’s how it works out… Let’s assume that the breadwinner earns $50,000 each year.  We will use the income approach to determine the amount of coverage needed on his life.  The duration of the risk is 25 years and the assumed interest rate is 3% (this is the inflation [...]

When is Your Renewal?

Term Insurance – When is the renewal? The name “Term Insurance” is meaningful because it’s insurance for a specified “term”.  The premiums and the benefit will be level (in most cases) for the duration of the contact.  So for a $500,000 term-20 policy; the premium will remain unchanged and the benefit of $500,000 will stay [...]