Huntley Wealth Insurance | Instant Term Life Insurance Quotes!

Term life insurance policies for individuals with high risk medical conditions. For term or whole life, we're the experts.

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The “Wise Investment” Calculator | FAQ’s and How To Use

Life Insurance Calculator

Is it better to save your money or purchase life insurance? Scroll Down.

Introduction to the “Wise Investment” Calculator

  • How to Use
  • Examples
  • I see the Rate of Return… So is it a good investment?  Depends on what you’re earning.
  • Life Expectancy
  • Annual Premium – must multiply by 12, can’t do
  • For Agents

How to Use the Calculator

Directions: You need to already have a quote to use the calculator.  Enter the details from your life insurance quote in the calculator fields.  Need a Quote? Click here

Examples: Is Life Insurance a Good Investment?

Let’s say your family or business needs $500,000 to replace your income or pay off bills upon your passing. This calculator will help you determine:

  • Which is better….?  Saving that $500k yourself or using life insurance.
  • The rate of return you’d have to earn for the remainder of your life in an investment to equal the life insurance payout.

Examples

1.  “Life Insurance vs. Saving” for Family Protection

David, a 58 year old husband, has an offer to purchase a 30 year term policy with a $250,000 death benefit, for $201 per month.  Is this a good deal or should he set that money aside in an alternate investment?

Using our calculator, David finds out that if he were to try to save up that amount during his estimated life expectancy (81 years old) he would have to earn 11.2% in an alternative investment for 23 years to save up $250k.  He determines he won’t be able to earn that rate of return elsewhere, and opts to purchase the insurance.

Life Insurance Calculator 58 Years old

2.  Leaving an Inheritance

“Grandpa Art”, a 75 year old former business owner, lives comfortably off his pension income.  He has well over a $1 Million in CD’s and bonds, which he intends to leave his family.  He is currently earning around 3% interest annually.

Should he consider using some of these funds to purchase life insurance?

After speaking with his Huntley Wealth Insurance agent, Grandpa Art determines he can comfortably spend around $40,000 per year in life insurance premiums to purchase a lifetime, $1 Million life insurance policy, without ever exhausting his funds.  (The exact premium is $40,015 annually)

Using the “Wise Investment” Calculator, Grandpa Art finds if he lives to his life expectancy of age 86, he’ll earn an equivalent rate of return of 13.2%.  Even if he lives to age 90, he’ll still beat his current investments by earning 6.2%.  He opts to purchase the insurance.

Life Insurance Calculator 75 Years Old

 Insurance Agents: Earn Higher Commissions with this Calculator

Agents, feel free to use this calculator to help you sell:

  • High premium cases
  • Table rated or cases with flat extras (the numbers can still make sense)
  • Convince your clients to lazy investment dollars to buy life insurance

 

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This website provides information for the reader to choose to request more information about life insurance, including how to apply for a quote.  By requesting a quote, or application for a quote, you agree to our Privacy Policy and our Terms & Conditions. If you submit your personal information, you are making a consumer inquiry for life insurance through us as a licensed insurance producer as more fully described below.  By proceeding, you give your consent and expectation to be contacted by a life insurance producer or company.  Any health or personal information shared is protected by applicable privacy laws and regulations, including HIPAA.

Invitations on insuranceblogbychris.com for application for insurance are made through Consumers Advocate Group, LLC (and in Florida: Consumers Advocate, LLC, and in New York: Consumers Advocate Group of Washington, LLC), an independent agent/producer, and its designated insurance producer, Francine Powel, only where licensed.  All license numbers are available here and automatically provided as required by law.  Consumers Advocate Group, LLC and Francine Powel are licensed insurance producers in all states and the District of Columbia. Partial list of licenses of Consumers Advocate Group, LLC and Francine Powel include National Producer Numbers 17651093 & 17613858, Resident State of Washington 892652 & 889919, Arkansas 100133617 & 17613858, California OK54069 & OK36946, Louisiana 662576 & 661089, Massachusetts 1987330 & 1984318, Minnesota 40439498 & 40437799, Texas 2170808 & 2022858 & 2019069, and Utah 536206 & 534286.

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