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Personalized Life Insurance Planner
This life insurance planner has been provided to us by WinQuote™.
You may use it free of charge. WinQuote™ is Canada's leading impartial
and objective consumer-oriented life insurance comparison shopping site.
Designed by consumers and for consumers, the WinQuote service compares
the widest range and number of life insurance products offered by the
highest number of Canadian insurance companies.
Function |
|
Description |
| |
| Commuted
Value |
|
The single payment amount that would be payable in lieu of a series
of periodic future payments over a defined period of time |
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| Commuted
Rate |
|
The rate at which the commuted value of a given number, frequency
and timing of future payments is commuted to a single lump sum payable
immediately. |
| |
| Commuted
Period |
|
The period of time during which a given periodic payment would
be paid, assuming a commuted rate, payment frequency, timing and lump
sum deposit. |
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| Commuted
Income |
|
The amount of income that would be derived from a lump sum deposit,
assuming a stated ROI, indexing, frequency and payment period. |
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| Present
Value |
|
The amount of money that would be required in advance, in the form
of a lump sum, to finance a series of future periodic payments over
a specified period of time and assuming a given return on investment
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| Quick
Life Insurance Needs Estimator |
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A quick estimator of the amount of life insurance coverage that
would be needed. (Note: As the name indicates this is a quick estimator
and should not be assumed to be an analysis.)
This type of quick estimator is frequently used on internet sites
that offer insurance for sale but should not be regarded as an analysis.
For analysis functions of life insurance needs, use either the "Step-by-Step
Life Insurance Needs Analysis" or the "Ledger-Style Life Insurance
Needs Analysis" functions listed below. |
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Step-by-Step,
Life Insurance Needs Analsysis |
|
Wizard guided, step by step analysis of life insurance needs, including
needs for income, lump sum funding, etc. This function also provides
explanation of the numerous aspects that need to be taken into consideration
in order to properly assess the amount of life insurance needed. This
is the type of analysis that should be expected by consumers before
making life insurance buying decisions.
This, as well as numerous other LifeGuideŽ professional tools is used
by thousands of professional consumer-service-oriented financial advisors.
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Ledger
Style
Life Insurance Needs
Analysis |
|
Comprehensive and detailed life insurance needs analysis. Similar
in content and depth of scope to the "Step-by-Step" life insurance
needs analysis, however, presented in a single ledger summary format.
This, as well as numerous other LifeGuideŽ professional tools is used
by thousands of professional consumer-service-oriented financial advisors.
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WinQuote(tm) is a trademark and service mark of CompuOffice Software
Inc.
This calculator is for illustrative purposes only and should not be relied upon, as an accurate indication of your financial retirement needs. As each individual’s situation is different and changes over time, the results are limited by the accuracy of the assumptions you make in providing the information used in the calculation. We do not guarantee that this calculator is reliable, accurate or complete or that it will be compatible with your computer.
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