How much life insurance does your client need?

Life insurance can be an important component of any financial plan. This quick and easy needs analysis interactive tool will help you and your client decide how much life insurance coverage is needed to help secure their financial future.

Step 1
INCOME NEEDS

Step 2
EXPENSES & DEBT

Step 3
SAVINGS & ASSETS


Client information
Agent First Name
Agent Last Name
First Name
Last Name
Client Gender
Age
State
License Number
Risk Class

Investment assumptions
1. Inflation rate
2. Rate of return on death benefit proceeds
Estimate your income replacement need
1. How much of your annual income would your family need if you died today?
2. For how many years should this income be provided?
3. What is your annual income available from other sources?
TOTAL AMOUNT OF INCOME YOU WOULD NEED TO REPLACE

Estimate your expenses and debt
What expenses and debts need to be covered if you died today?
- Final expenses
- Mortgage debt
- Other debt
- Desired college fund
TOTAL AMOUNT OF EXPENSES AND DEBT

Identify your existing assets and insurance coverage
1. How much in savings/investment have you currently set aside?
2. How much existing life insurance do you have on your life?
TOTAL AMOUNT OF EXISTING ASSETS AND INSURANCE COVERAGE

PROJECTED LIFE INSURANCE NEED

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This calculator is a planning tool designed to assist your clients in determining a possible life insurance need. The results and explanations generated by this calculator may vary due to the provided assumptions and input amounts. John Hancock does not guarantee the accuracy of the calculations, results, explanations, nor applicability to your clients’ specific situation. All projections are hypothetical and we recommend this calculator is used as a guideline in conjunction with a suitability assessment and a further detailed analysis specific to your clients’ financial circumstances and needs.

Insurance policies and/or associated riders and features may not be available in all states. Insurance products are issued by: John Hancock Life Insurance Company (U.S.A.), Boston, MA 02116 (not licensed in New York) and John Hancock Life Insurance Company of New York, Valhalla, NY 10595.

How much life insurance does your client need?

Insurance policies and/or associated riders and features may not be available in all states. Insurance products are issued by: John Hancock Life Insurance Company (U.S.A.), Boston, MA 02116 (not licensed in New York) and John Hancock Life Insurance Company of New York, Valhalla, NY 10595.

MLINY011524669-1

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