Hull Life Insurance Corporation

Life Insurance: The Math


Don’t get too scared; the math isn’t that complicated. It just requires some simple addition and subtractions.

The Equation: [Financial obligation you want to cover] – [Existing Assets that can be used towards bills] = Life Insurance Policy Needs.

So what goes into Financial obligations? Well, everything from income replacement to a mortgage and other large debts.

So what about the other side of the equation; what exactly are Existing Assets?

Existing Assets include everything from existing life insurance (like group insurance through your work), savings and any other financial assets you have in place.

It's day today.

In recent years, the conversation surrounding mental health has increased dramatically. It is important to be able to openly discuss our mental health with others, to understand the different types of mental illnesses and how they can be treated, and to recognize that mental illness is just as serious as any other physical illness.

As a company that works in the financial side of the health world, it is important to bring attention to wellness and mental health in our industry and for our clients.

If you would like to contribute your own viewpoint, please leave a comment below.