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%

Annuity Calculator
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Insurance Glossary

Level Premium Life Insurance: Life insurance for which the premium remains the same from year to year. The premium is more than the actual cost of protection during the earlier years of a policy and less than the actual cost in later years. The excess paid in the early years builds up a reserve. When invested, this reserve amount earns a return that helps keep the amount of the level premium down.



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