|
|
Enter the percentage of the current household income (combined incomes of Client A&B) that must be replaced until the youngest dependent reaches age 18. Please bear in mind life insurance policies that can be used to replace income do not attract income tax and therefore the portion of gross income paid in taxes would not need replacing. |
|
No Children under 18 |
Enter the percentage of the current household income (combined incomes of Client A&B) that must be replaced after the youngest dependent reaches age 18, but before the surviving spouse reaches Life Expectancy (or for a specified number of years). Please bear in mind life insurance policies that can be used to replace income do not attract income tax and therefore the portion of gross income paid in taxes would not need replacing. |
Include Education Funding |
Select this box to include the present value of the education needs in the calculation of Immediate Cash Needs at Death. (Education needs are entered on the Household Information screen.) |
|
|
Enter any current life insurance policies on Client A or B. The death benefit will be available to help pay Immediate Cash Needs at Death and Continuing Income Needs. If a life insurance policy is jointly held, please enter the benefits for each client i.e. record a policy where Client A is insured and then another entry where Client B is insured. |
|
|
|
|
|
The death benefit will be available to help pay Immediate Cash Needs at Death and Continuing Income Needs. |
|
|
Enter the annual policy premium. This amount will NOT be added to your income needs, but it will appear in the presentation as part of the assumptions. |
|
|
Click to remove this line item. |
|
|
Click to add a new line item. |