Question -
Who relies on you financially to make ends meet?
Who needs Life insurance in your family and why?
Do an L.I.F.E. analysis to come up with how much life insurance you will need in 10 years. What is your GRAND TOTAL of Life Insurance you will need in 10 years?
Go to the Life Insurance Calculator Online
- Run through the Life Needs Calculator, answer as if it were 10 years from now.
- What is the GRAND TOTAL to meet your life insurance needs according to the site?
- Did the amount of life insurance needed surprise you, and why?
What is the difference in your L.I.F.E grand total and the ONLINE calculator?
- Why do you believe there is a difference between the two Life Needs estimates?
- Which estimate do you feel is more accurate?
Explain the difference between a Term, Whole Life, & Universal Life policy. After completing both needs analysis, how much Life insurance do you believe will you need in 10 years? Explain your answer.
- Which policy would you be most interested in having in 10 years? Explain why. (You can choose to have more than one type)
How much life insurance do you believe you will need in-force when you retire?
Attachment:- Assignment File.rar