Survivor Foundations
The Survivor Needs module reviews the client’s current situation to determine an appropriate level of life insurance coverage. The module helps the client define their survivor goals, identify resources including Social Security benefits, and illustrates proposed life insurance amounts to provide for any uncovered shortfalls. It performs both a cash needs (liquidity) and income needs analysis when defining coverage amounts.
Module Target User – Advisors (who sell life insurance)
Completion Time – 5 to 10 minutes
This module:
- Identifies survivor cash and income objectives
- Calculates the financial resources available from government sources, investments, retirement plans, and current insurance to help meet survivor needs
- Projects available income (e.g. Social Security, including blackout periods) and determines if survivors are likely to experience a financial shortfall
- Calculates life insurance coverage required to meet shortfalls