One of the most difficult aspects of Financial Planning or purchasing Life Insurance is determining how much you need, how long to cover yourself for, what kind of policy or plan do I need and how much I can afford. These decisions are critical and in most cases, the wrong ones are difficult and/or impossible to correct. Making the right decisions for protecting your families' financial future, securing your retirement and providing guaranteed tuition for your children's education are choices that must be made right, on the first try.
BeamaLife has provided these valuable online financial calculators or money calculators to help guide you through the basics and allow you to create a preliminary estimate to get you started.
Retirement Calculator: This tool will help you determine how much you will need to save each month to achieve your retirement goals.
College Savings Calculator : This tool will calculate how much you will need to save for your child's higher education. If you haven't begun saving already you'll see why you should certainly start today!
Life Expectancy Calculator: This tool uses some basic information to estimate you current life expectancy. This information is crucial when determining how to establish your retirement and provide protection for your family.
Life Insurance Calculator: This very detailed calculator uses all of your current financial assets to determine how much life insurance is needed.
Term Life & Whole Life Insurance Calculator: This tool uses another method of calculating term or whole life insurance needs by calculating and projecting income. This is best used by individuals with fewer wealth assets (Investment portfolio, business interest, annuities etc).
Once you have used these calculators to determine your needs you can take the next step and complete our Free Life Insurance Quote request page with a higher degree of accuracy. This will enable our expert team to prepare a detailed illustration/presentation of your life insurance and financial planning needs. Get Started Today!
