A+ Apps

A suite of Financial Planning applications


Insurance Needs Calculator (v1.0)

Posted on February 19, 2012 at 11:55 PM

A+ Apps Insurance Needs Calculator is a simple on the go Life Insurance Needs Calculator.

Have you ever wondered 'If something was to happen to me today, how much Insurance would I need to provide my family with financial stability and peace of mind?' Well the A+ Apps Insurance Needs Calculator will give you a quick estimate.

Simply set an earnings rate and inflation rate. Then enter amounts for your Immediate Lump Sum needs and your Ongoing Income needs. For your ongoing income set the income you require for the length of time required. Finally enter any Existing Provisions and press Calculate. You will get an estimate of the amount of Insurance cover you should take out, this amount will provide for the immediate lump sum needs and also provide a lump sum to invest to cover the ongoing income needs for the amount of time specified, if invested and earning the return amount you set.

Please note, this is an estimated insurance calculation and is not intended to be a recommendation.

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