Financial Needs Analysis for Protection 

You know what you want to give your loved ones. Protection. Security. Peace of mind. It is simply making sure that your family will maintain your current standard of living no matter what happens.

But how much life insurance do you actually need? What are the things that you have to consider to find out how much you need? Here is an outline of what factors to consider:

• your total estate value
• estate taxes
• your family's immediate cash needs should anything happen to you
• your outstanding debts, and
• your family's cost of living like food, housing, telephone, and more

Let us help you determine that by guiding you through our simple financial needs analysis form.

By filling out the following entries as accurately as possible, we will be able to determine the amount of life insurance you will need to cover yourself to make sure that your family would go on living your current lifestyle.

Kindly fill out the form below with the appropriate values. To move to the next field, press the TAB button on your keyboard or you may simply click on the field with your mouse pointer.

Estate Tax

 This fund pertains to the value of your existing properties.

Houses and Lots
Cars
Stocks and Bonds
Existing Funds         (Savings and money market                placements)
Other Investments
TOTAL ESTATE VALUE =
ESTATE TAX =

Immediate Cash Needs

 This is the amount of cash needed to pay bills that may fall due should anything happen to you.
This may include:

IMMEDIATE CASH NEEDS
Medical and        Hospital Expenses
Burial Expenses
ESTATE TAX
DEBT LIQUIDATION
Car and Appliance                   Loans
Personal and Bank                    Loans
Credit Cards
Mortgage Loans
TOTAL IMMEDIATE CASH NEEDS  =

Cost of Living

This fund pertains to your average monthly expenses at present.

Monthly Annual
Food
Clothing
Light, Water, Gas,                    Phone
Gasoline / Transportation
Medicine and            Hospitalization
Education (tuition,                 allowance, etc.)
Insurance (life,      medical,  accidents,fire and car)
Household help -      Present and Additional
Real Estate Taxes
Rent
Recreation and               Hobbies
Miscellaneous       Expenses
TOTAL COST OF LIVING =

Life Insurance Estimate

The figures below that are highlighted in yellow were taken from the corresponding sections found above. 

Total Cost of Living
LESS: Other Annual Family Income    (including spouse's income, rentals, dividends, etc.)
=  Annual Income Shortage
DIVIDE Income Shortage by Assumed                       Interest Rate at:	(%)
=  Amount of Capital Required to Provide this Income
ADD:Total Immediate Cash Needs
LESS: Existing Funds          (deposits, money market placements, etc.)
LESS: Existing Life Insurance coverage
TOTAL LIFE INSURANCE ESTIMATE =

Your Name:
 

Your Email:

Surprised? Did you ever expect to be worth this much? The figure above is an estimate of life insurance you should cover yourself with. Although you don't have to buy this entire amount right away, start preparing for your family's future by purchasing life insurance in smaller denominations as soon as possible. The estimated life insurance coverage indicated above is not final and is subject to verification pending the final underwriting action.   

If you want to make sure that this is the appropriate coverage, please call/visit your Insular Life agent, your nearest Insular Life office, or Brand Marketing Department at Tel. no. 582-1818 or by e-mail brand@insular.com.ph.