... my approach to solving needs is client driven.



How much life insurance is needed?

There is no single "rule of thumb" to easily calculate your insurance needs. Variables such as income, family, length of coverage and attitudes all come into play in determining the amount of coverage. Life insurance needs fall in to three general categories - Protection, Long-Term Savings and Estate Conservation.

Insurance protection can help your family maintain their current standard of living and meet future needs in the event of your death.This will depend on the need it is fulfilling. Amounts needed to fund a business transfer or to pay death taxes may be readily determined. Calculating the value of human life to a family is more difficult. Consider these projected total earnings up to age 65 assuming a 5% annual increase and 2% inflation.

Monthly Income
Age 25
Age 35
$ 9,068,160
Age 45
$ 3,985,520
Age 55
$ 331,584
$ 663,168
$ 1,326,336


You, disabled? What are your chances?

Higher than you probably think. You can ignore the problem, but it's hard to ignore the facts:

  • Just over 1 in 4 of today's 20 year-olds will become disabled before they retire.
  • Accidents are NOT usually the culprit. Back injuries, cancer, heart disease and other illnesses cause the majority of long-term absences.

What is your PDQ?    The Personal Disability Quotient (PDQ) calculates—your own chance of being injured or becoming ill that could force you to miss work for an extended period of time.  Are you prepared if it happens to you? Probably not. If you're like most Americans, you don't have disability insurance. Or enough emergency savings to last 34.6 months. Yes, that’s the duration of the average long-term disability claim.  And don't assume that you have adequate coverage through work. Most employer sponsored policies have provisions that reduce benefits if you are eligible to receive Social Security, workers compensation and/or other state programs. Insurer can offset benefits as long as you are eligible for benefits, not if you actually receive them.
If you become disabled, will you be ready? Or will you and your loved ones face serious financial hardship, possibly foreclosure and even bankruptcy? I can help you prepare for disability the same way you plan for other emergencies. Here's how - Give me a call.