Date: Sun, 6 Aug 2006 06:12:54 -0500
Newsgroups: misc.invest.financial-plan
From: Nosmo_King58_@_yahoo.com (Nosmo King)
Subject: Re: advice on choosing a life insurance policy?
	iQBVAwUARNXOtvl/I4+O31e5AQF72AIAhC6Jbg97M4Xt9hk8bbtwBcZtkIL4xaZs
	8ycJQLZeGEz8At1fQtOyS9T+i8VmWOHBiR2fBQunL5lr28KGCyoT2w==
	=4yd2

In article <1154779543.291844.59370@h48g2000cwc.googlegroups.com>, "woessner@gmail.com"  wrote:

>In your case, you said your salary is $50K and you're 42.  If you plan
>on working until your full retirement age (67), you've got 25 years to
>go.  As for the rate of return, 6.5% is a good starting point.  That's
>10% return and 3.5% inflation.  Let's see what we get!
>
>I = 50000 * (1 - exp(-.065 * 25)) / (1 - exp(-.065))
>  = 638054.9

For me, I want the kids to take care of themselves as soon as possible.  I 
would opt for a 10-year level term policy.  That provides coverage until the 
16 yo is 26.  Of course, you could stop renewing the policy once he/she hits 
21.