Income Replacement / Estate Planning

Risk Management Analysis takes a Human Capital approach to calculating a client’s insurance needs. There are two areas to this report; Income Replacement and Estate Planning.​

Income Replacement

The Income Replacement area of the report will project the changing Human Capital for the Client and the Spouse over the life of the analysis. This helps establish both an immediate need for insurance as well as future needs.

*For more information on the Human Capital chart, view the Risk Management Chart.

Estate Planning

The Estate Planning chart(s) focus on total Life Insurance, Critical Illness, and Disability Insurance needs. These values are based on Human Capital and will display the amount of capital that may be needed to sustain your current lifestyle in the event of death, disability and/or critical illness. The information displayed in the Estate Planning chart will vary depending on client type.

!Disability Insurance needs are included as the cumulative value of all Disability Insurance payments until retirement. For example, if the Client required $1,000 / month of disability and is 120 months from retirement, a Disability insurance value of $120,000 would be displayed ($1,000 × 120 months)