Deciding to get insurance, be it Life, Medical or for any other purpose is a big step and should be taken with all questions answered and all necessary information obtained. Many people today are opting to be insured because it gives a sense of safety and security, and comes in handy during unexpected times of need. It is also better to be prepared and have a good contingency life insurance plan, and getting insured is one such step.
When you decide to get insured, it’s important to understand how much your premium amount will be and how long the proceedings for the scheme will last. It’s also vital to know what exactly the scheme covers and how much of it you actually need. There are also other variations of securing yourself through annuities and bonds which have their own set of advantages. One needs to be aware of things like life expectancy and also stay aware of special cases of insurance, like Disability Insurance, for example. Different private and state institutions offer different rates and schemes, so a calculator is a good way to answer all these queries and make sure you have all your facts right before you decide to take up a scheme.
If you are trying to calculate what your lifetime earnings will be, what your life expectancy could be and how much tax advantage you can avail, check out the following calculators.