1 City Centre Dr 10th Floor Mississauga, ON
trevor@planwithtrevor.ca
705-500-PLAN (7526)
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Life insurance
Step 1 of 4: Basic information
We need to make some calculations based on tax rates
Province
Choose your province
British Columbia
Alberta
Saskatchewan
Manitoba
Ontario
Quebec
New Brunswick
Nova Scotia
Prince Edward Island
Newfoundland and Labrador
Northwest Territories
Nunavut
Yukon
Step 2 of 4: Immediate needs
Funeral costs
$
Pay off debt
$
Years needed
Education funds
$
Years needed
Emergency funds
$
Other
$
Years needed
Step 3 of 4: Future needs
Number of years before retirement
Monthly expenses
$
Survivor’s employment income (Annually)
$
Survivor’s other income (Annually)
$
Step 4 of 4: Available funds
Bank balance:
$
RRSP:
$
TFSA:
$
Non-registered investments:
$
Other:
$
$0
Total assets available
$
Existing life insurance coverage
$
Life insurance need: $1,226,000
Current life insurance and assets: $0
Life insurance recommendation approximately: $1,226,000
Assumes an inflation rate of 2%
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