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-Participating Insurance: Insurance on which policyholders do not share in any surplus earnings distributed by the company. No "policyholder dividends" are payable. The premium is based on an estimate of future costs and investment earnings very close to what the company believes most likely will occur, with a slight margin added for contingencies and profit.



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