End date for 20 year Term Life Insurance
How do I account for the end of a 20 year Term Life Insurance policy and the premium for it?
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Enter your payments for the term life as special expenditures for as many years as you're making them.
Best,
Dick Munroe
This work-around will stop the premiums; but, what about the end of the insurance coverage in the plan at a future date?
C F
ESPlanner buys life insurance based on the needs to maintain the survivor standard of living. The only way to prevent that is to lower the survivor's standard of living in the assumptions.
Right now there isn't any way to account for exogenous life insurance policies.
Best,
Dick Munroe