Sagicor Financial Corporation

Life Insurance - protecting yourself and your family.

Life insurance provides protection against the loss of income that results from the death of a wage earner. You will need to consider life insurance if you support a family or spouse, have a mortgage or other debt, are self-employed or a partner in a business, plan to send your children to university. But how do you know if you have enough? This simple calculator, and your Sagicor Advisor, can help.

Life Insurance Needs Estimator

*Highlighted fields display the results of calculations.

1 To Cover Debts
Mortgage Balance	$
Total Loan Balance	$
Other Debts (e.g. credit cards)	$

2 To provide income for family and dependants
Annual expenses	$
Number of years to be provided for
Annual inflation Rate		%
Interest rate that can be earned on safe investments		%

3 To prepare for future events
Children's education
Current annual university costs (tuition and maintenance)	$
Length of degree in years
Normal university age
Age of first child
Age of second child
Age of third child
Funds required for other future events	$

4 To provide final and funeral expenses	$

5 Current liquid funds
Cash and savings	$
Investments that can be easily turned into cash (e.g. mutual funds)	$
Other	$

6 Existing life insurance	$

Estimated additional life insurance requirement	$