Help Calculating Lump-Sum Needs – Life Insurance No Medical Exam
Include some immediate cash for the survivor to pay last expensed, liquidate debt, fund emergencies, pay off a mortgage, pay for dependent care and education.
70% of your lifetime medical expenses often happen in battling a final illness.
One month of income for the survivor should be added to take care of expenses while ongoing income arrangements are being made.
Immediate cash needs – estimate 30-50% of your family’s gross income.
Add up debts, they won’t go away when the bread winner dies.
6 months of current gross income to create an emergency fund.
How many dependents – minor children, aged parents, dependent siblings?
Will your surviving spouse need education to enter into the workplace?
Here are additional life insurance no medical exam information sites, thank you for visiting my life insurance no medical exam site, I am here to help you any time...
Finding Life Insurance Policy Recipients Prove Difficult
What's the Tax Advantage of an Annuity?
Digital Life Insurance
Will dealer pay for car repair after warranty?
Know Your Life Insurance Needs
How Much Life Insurance Do I Need?
April 7th, 2010 at 11:49 pm
I didn’t understand the concluding part of your article, could you please explain it more?
April 8th, 2010 at 6:32 am
Think of the parts of the post that pertain to your own life.
Do you have a spouse or a significant other to take care of?
Do you have children that need taking care of?
Do you owe money on your mortgage or is it paid off?
The questions are mainly to get you thinking, an in depth interview/discussion with me will help you determine the amount of coverage needed. The main idea is to get all the people you care for enough income to live on until social security kicks in, and to make sure social security will then be enough to cover expenses for maintaining your lifestyle.