Life Insurance  
Providing for your family in the event or your death is a fundamental of risk management. And life insurance benefits that replace your income may be one of the best ways to meet your family’s ongoing financial needs. This calculator is designed to help you estimate the amount of life insurance you would need to produce a sufficient income stream for your family.
     

What is your current income before taxes?

$

What percentage of this income will your family need?

%

For how many years will your family need this income?

What do you expect the rate of inflation to be over this time period?
Note: In recent years, inflation has been 3 percent.

%

What investment return do you expect your family to earn over this time period (0 percent to 10 percent)?

%

Enter the total of any one-time payments that your family will have. (e.g., funeral costs, future college costs, home mortgage, and any other debts you want the insurance to pay.)

$
 
   
   
Wealth Development Council
426 South Third Street, Suite 203 • Lemoyne, PA • 17043
Phone: (717) 774-7200 • Fax: (717) 685-3641
• james.good@wealthdevelopmentcouncil.com

As an advisor, James Good conducts securities business through ProEquities, Inc. The information contained on this website may or may not accurately reflect the opinions of ProEquities, Inc. Investment products and/or strategies discussed on this website may involve risk, including possible loss of your principle investment. Please note that the information contained in this website is not intended as an offer to sell any particular product or service.

James Good is licensed in Pennsylvania as an Investment Advisor Representative of Investment Advisors, a Registered Investment Advisor and a division of ProEquities, Inc. He is licensed in Pennsylvania to work with Life Insurance, Health Insurance, Disability Insurance, Group Insurance, Annuities, Variable Life Insurance, and Variable Annuities.

He is licensed in Pennsylvania, New Jersey, and Georgia to work with Mutual Funds, Stocks, Bonds, and Unit Investment Trusts.

 

James D. Good is an Investment Advisor Representative of Investment Advisors, a Registered Investment Advisor and a division of ProEquities, Inc. Securities offered through ProEquities, Inc., a Registered Broker-Dealer, Member, FINRA and SIPC.  Wealth Development Council is independent from ProEquities, Inc.