| Life
Insurance -->Term Life Insurance
We will help you find the best value on
highly rated term life insurance products. Term
life insurance can be an outstanding solution to provide
affordable life insurance protection for a defined period of time.
Life insurance comes in all shapes and sizes and each have their
own special benefits and distinctive methods of helping you
achieve your financial goals. Your agent with Gain Financial
Services will help you find the right life insurance product for
your particular needs.
How much life
insurance do I need? There are many ways to calculate
this and your agent will help you to ascertain the correct amount
for your individual situation.
To give you a rough
idea you might use this basic calculation which uses the formula:
Income needed per year divided by interest rate = result minus
cash and liquid financial resources. Here is an
illustration to help you understand the formula:
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Pick an interest
rate that you think your spouse or dependents could reliably
earn with tolerable risk. Let’s use 5% for an
example.
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Divide the income
($80,000 by 5% or .05) That comes to $1.6 million.
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Thus you need $1.6
million of cash to provide $80,000 per year. You can
subtract the amount of cash and liquid financial products from the
$1.6 million and you now have a life insurance amount to work
with.
Contact
Us for more information on life insurance to help
protect your family's financial future.
Gain Financial Services, Inc.
3200 Cherry Creek South Drive
Suite 700
Denver, CO 80209
Printable
Map and Directions to Office
Call us today at (303) 456-7967 or toll-free at (800) 416-4481
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