Insure Right Worksheet

This worksheet is meant to help you start thinking about your insurable need.

This worksheet calculates numbers based upon certain assumptions:

• The Rate of Return you enter below (on investments) is the percentage over and above the Rate of Inflation (RoI). Therefore the investment will be something with a ROR > RoI (i.e. not a GIC, T-Bill/Bond nor bank account)
• The gross annual income needed doesn’t change.
• Because we are calculating ROR as net of inflation, we are not building inflation into any of the other numbers.
• All debts will be paid off by the policy.
• The annual income needed will be ongoing living expenses (This means things like groceries, utilities, etc – debt servicing zero’d by paying off debts.)
• The Annual Income Need will be funded through Returns on investment (ROR) without drawing down the investment.
• The value of all existing assets (Business, Investments, Property excluding Primary Residence) will not increase faster than the rate of Inflation, will not decrease, and will be drawn down to zero at such a rate that the value runs out just as the 2nd person reaches end of life. (Therefore remaining assets will be the investment from the policy providing the annual income need).

We will contact you after you have submitted the worksheet to discuss the results to help you tailor the resulting needs to your specific situation in case the assumptions built into the worksheet aren’t perfect for your situation.