Needs Analyzer
- Part I: Family Income
Replacement - Family Income
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- Income To Be Replaced
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yrs
- Available Investible
Family Assets -
- Part II: Debt, College, And
Other Funds Needed - Debt Repayment
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- College Funding
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According to the College, college costs increase an average of 6% per year. If the insured died tomorrow ROI could be used, however it is not used here because if the insured lived 5, 10, 15 years or more, the amount of money from the insurance proceeds for college would be significantly less than what would be needed, consequently, we used only the 6% college inflation factor for Net Future Value (NFV). We are also assuming there is no direct savings for college happening.
- Other Expenses
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- Total Insurance Needed
Total Insurance Needed: $0.00
Family Income
Income To Be Replaced
Available Investible
Family Assets
Debt Replacement
College Funding
According to the College, college costs increase an average of 6% per year. If the insured died tomorrow ROI could be used, however it is not used here because if the insured lived 5, 10, 15 years or more, the amount of money from the insurance proceeds for college would be significantly less than what would be needed, consequently, we used only the 6% college inflation factor for Net Future Value (NFV). We are also assuming there is no direct savings for college happening.