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Function |
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Description |
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Commuted Value |
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The single payment amount that would be payable in lieu of a series of periodic future payments over a defined period of time |
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Commuted Rate |
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The rate at which the commuted value of a given number, frequency and timing of future payments is commuted to a single lump sum payable immediately. |
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Commuted Period |
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The period of time during which a given periodic payment would be paid, assuming a commuted rate, payment frequency, timing and lump sum deposit. |
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Commuted Income |
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The amount of income that would be derived from a lump sum deposit, assuming a stated ROI, indexing, frequency and payment period. |
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Present Value |
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The amount of money that would be required in advance, in the form of a lump sum, to finance a series of future periodic payments over a specified period of time and assuming a given return on investment |
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Quick Life Insurance Needs Estimator |
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A quick estimator of the amount of life insurance coverage that would be needed. (Note: As the name indicates this is a quick estimator and should not be assumed to be an analysis.)
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