Calculator is something that that calculates all the values correctly and gives the result perfectly and accurately. It’s not like the calculator only works for mathematical or algebraic calculations but if it comes to the Life Insurance then calculator should calculate your entire requirement and almost all the plans you are looking for. Yesterday I meet an Insurer who shown me the various plans provided by his company.
Very nicely with the help of term life insurance calculator he calculated all my requirements in such an easy manner that was very rarely to get and can be understood if researched by ourselves.
Firstly he evaluated my Income and Assets only by asking some of the questions like my current income and another question he asked me was how many years will your spouse need your annual income then about my Current investment income in rental properties, dividends, annuities, etc. then he asked me about my existing liquid assets as all assets that can be turned into cash within 3 months then asked my amount of my existing life insurance coverage. With these data he made a list of my answers and noted down. Secondly he evaluated my Debts and expenses. He asked me about my outstanding mortgage balance then outstanding loans then asked my Final expenses like medical, funeral, taxes etc. He made the data from my answers to feed into a calculator.
After that he evaluated my Child Support and College Expenses and made data out of that to feed into the term life insurance calculator. After that giving all the data as the input to the calculator and gave me the information about my best suited plan in terms of the insurance policy.
Term life insurance calculator really works and will give us the perfect output that what life insurance suits all our criteria and work for the fulfillment of all our benefits. Term life insurance, also called temporary insurance, covers a person against death for a limited time, the term. For example, the term might be until children are grown, or until college is paid for, or until retirement. You pay for the policy period and at the end of the term, the contract or policy expires. If no claims are made against the policy during the term, you don’t receive any benefits after the policy expires, just like auto or homeowners insurance.
Life Insurance or sometimes called life assurance is something like a contract between the policy holders and the insurer, where the insurer agrees to pay a beneficiary sum of money upon the type of policy he or she has got from the insurer like life or death policy. The value for the policyholder is not only from an actual claim event, rather it is the value came from the ‘peace of mind’ gained by the policyholder, as it negates the adverse financial consequences caused by the death of the Life Assured. To achieve this only term life insurance calculator calculates and tells us what things best suited for the policy holder in terms of submitting premiums on time etc�
For more information on Term life insurance calculator you can visit our website http://www.insuremegenie.com
