Capital Needs Assessment

Johnston Investment Counsel's capital needs assessment determines the amount of life insurance the client should have if they were to die prematurely. Many clients may not even have a need for life insurance, others may have a significant need -- it is clearly a facts and circumstances situation. Factors that should be considered in determining the appropriate amount of insurance include:

• The amount of income that should be replaced while children are at home,
• Income need during the survivors pre-retirement and retirement periods.
• Any loans to be paid off (such as a mortgage).
• Education funding for your children.
• Payment of estate taxes.
• Additional short-term expenses such as emergency needs, final expenses, and administrative costs.

Johnston Investment Counsel does not sell life insurance. Johnston Investment Counsel's responsibility is to take your goals and objectives and determine the best way of achieving them under different scenarios, one of which is death.

 

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