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Step 1: Annual replacement income needed if the insured dies prematurely (before-tax).

 
Step 2: Number of years a replacement income is needed by beneficiaries.

 
Step 3: Estimate the average annual interest rate that you can earn on the invested life insurance proceeds. (%)

 
Step 4: Estimate the average annual inflation rate. (Historic rate for last 10 years has been approx. 3 %)

 
   

Life insurance needed to replace annual income:  

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  What is term insurance?

Term insurance is an affordable way to protect your family's future for a designated period of time. For example, parents with a ten-year-old child might buy a 15-year term life policy, so in the event of a tragedy that child will be financially secure until the age of 25. Term is the most common type of because it is only for a limited period and therefore tends to cost less...

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If you decide to request a term life insurance application, rest assured that we will not distribute your confidential information to any sources other than the life insurance carrier(s) you select. You will not be placed on any mailing or telephone marketing lists...

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