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Unformatted text preview: Using the Human Life Value method, which is a commonly used mathematical approach to estimating your inflation adjusted future earnings from time of death today until time of retirement, we have found that you would need roughly $1,219,402.71. That number may seem quite intimidating but we would like to create a plan to allow you to have such coverage. Sarah’s need, using the same method, was approximately $1,279,237.80, which is not including her current group life insurance policy. Currently you have an individual whole life policy with State Farm that covers only $150,000 of your need....
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This note was uploaded on 09/22/2010 for the course FIN 3055 at Virginia Tech.