Life Insurance Planner description

Life Insurance Planner is a comprehensive tool to help individuals calculate how much life insurance coverage they need.

The Life Insurance Planner estimates the amount of life insurance coverage to provide for your dependents in the event of your unexpected death. This planner uses the “lump sum need” approach which takes investment income and inflation into account. This method calculates the amount needed (after subtracting from your current financial resources) to provide for the key areas below upon death.

1. Dependants’ living expenses
2. Child Tertiary Education
3. Outstanding Loans
4. Emergency Funds
5. Funeral Expenses
6. Household expenses