When purchasing a life insurance policy, it’s imperative to decide how much your family or loved ones will need to maintain their lifestyle after you’re gone. Our life insurance payout calculator can help you project how many years a selected death benefit will payout based on expenses, income taxes, inflation, and return on investments.
It may be surprising how quickly your life insurance beneﬁts could be depleted by your survivor’s income needs.
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The results are hypothetical based on your input. Your actual results will vary. Any rates of return used are for illustrative purposes only and does not represent performance of any actual ﬁnancial vehicle/strategies.
It’s one thing to buy life insurance, it’s another to think about how your loved ones will live in the event of your death. Discuss potential concerns such as childcare, how to invest the life insurance survivor benefits, and other potential lifestyle changes.
Consider other assets that can protect your family’s financial future, like annuities. Annuities can offer a lifetime of predictable, steady income for your loved ones.