Calculator Instructions

  1. Select Required Principal option.
  2. Set Withdrawal Amount to your current monthly net earned income.
  3. Leave Withdrawal Frequency set to monthly.
  4. Set Length of Annuity to reflect number of years income you need to replace.
  5. Set Annual Growth Rate to what you would expect an investment to reasonably earn. If you are not sure use 6%

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Insurance Glossary

Non-Forfeiture Options: The choices available in a life insurance policy to a policyholder if he or she discontinues premium payments on a policy that has accumulated a cash value. The choices are usually to take the cash value in cash, to apply the cash value to purchase "reduced paid-up insurance" or "extended term insurance", or to use the cash value as security for a loan against the policy to pay the premium or premiums due ("automatic premium loan").



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