Life insurance recommendation with no bequest
Results indicated a life insurance need for a single person with no bequest indicated. How can this happen?
Results indicated a life insurance need for a single person with no bequest indicated. How can this happen?
Disclaimer: ESPlannerBASIC, ESPlanner, ESPlannerPLUS and ESPlannerPRO, are educational calculators designed to give users input in mapping out financial futures, but should not be acted upon as a complete financial plan. The creators of these programs are not certified, registered, authorized, or any other type of financial planners. These programs are simply tools for helping you think through economic futures. Its "recommendations" should be viewed as informative inputs into your own decision-making with respect to saving and the purchase of life insurance. ESPlannerBASIC, ESPlanner, ESPlannerPLUS and ESPlannerPRO provide neither economic, financial nor tax advice, which can only be delivered to you by authorized professionals.
wayne at usfamily.net wrote:Results indicated a life insurance need for a single person with no bequest indicated. How can this happen?
If there are children, that would be one way. I think it may also payoff a mortgage, too.
If the individual can go into debt (is not borrowing constrained), that can cause it as well.
Best,
Dick Munroe
There is no bequest, no children, no debt allowed in the plan. Do you want me to e-mail the pdf to anyone there?
wayne at usfamily.net wrote:There is no bequest, no children, no debt allowed in the plan. Do you want me to e-mail the pdf to anyone there?
Send it to info a t esplanner .com
A special expense may also cause life insurance to be bought.
I just sent it to you.
wayne at usfamily.net wrote:There is no bequest, no children, no debt allowed in the plan. Do you want me to e-mail the pdf to anyone there?
Better still, upload the database so that we can take a look at it. See the FAQ for details on uploading your DB.
Best,
Dick Munroe