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Enter a death benefit to illustrate for each client as a proposed recommendation for new life insurance. The “New Life Insurance Needed” line tells you how much death benefit each client would need to cover all of their immediate cash and continuing income needs- reduced by their existing assets and life insurance. If you enter a proposed death benefit greater than or equal to the “New Life Insurance Needed” amount, then the Recommendation page in the presentation will illustrate 100% of their Survivor Needs Goal funded. If you enter a proposed death benefit less than the needed amount, the Recommendation page will illustrate the percent of the needed amount that is now funded by the recommendation. |
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Click the details button to enter a description of the proposed policy along with the annual premium. The premium amount will NOT be added to your income needs, but it will appear in the presentation as part of the assumptions. |
Face Amount (Details View) |
The Face Amount for the proposed policy is recorded in the Proposed Life Insurance input. Enter the death benefit to illustrate as a proposed recommendation for new life insurance. The “Life Insurance Need” line tells you how much death benefit the client would need to cover all of their immediate cash and continuing income needs reduced by their existing assets and life insurance. If you enter a proposed death benefit greater than or equal to the “Life Insurance Need” amount, then the Recommendation page in the presentation will illustrate 100% of their Survivor Needs Goal funded. If you enter a proposed death benefit less than the needed amount, the Recommendation page will illustrate the percent of the needed amount that is now funded by the recommendation. |
Annual Premium (Details View) |
Enter the proposed policy premiums. The premium amount will NOT be added to your income needs, but it will appear in the presentation as part of the assumptions. |