 Jamaica 
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| == Question One: ==
George is 45-years old and wants to purchase a Critical Illness policy to ensure that his family would be able to maintain their lifestyle in the event that he became critically ill. George currently earns $800000 and would need to replace his income for two years. His inflation assumption is 3%, and his after-tax rate of return would be assumed at 6%. George would also want to be able to pay any extra medical costs for approximately $200000, and $100000 for a nanny to look after his children and chores around the house. How much critical illness insurance does George require?
Answer:
Select the Critical Illness Calculator from the Calculators drop-down menu on the Home page.
1. Enter the age of the client (45) in the Current Age field
2. Adjust the Current Earned Income field to $800000.
3. Set the Number of Years to Replace Income to 2, as the client indicated.
4. Leave the Inflation assumption at the default of 3%
5. Leave the After Tax Rate of Return assumption at the default of 6%
6. Change the Lump Sum Costs field to $300000: the total value of the medical costs and employment of the nanny.
7. Click on the Calculate button at the bottom of the screen.
Identify the Total Insurance Required in the Results section.
The answer should be $1877360.
Question Two:
One of your clients, for which you have already done life planning, would both like to plan for 1 year of critical illness, with assumed medical expenses of $400000.
Answer:
Select your clients from the Client Search page and go directly to the Critical Illness Calculator using the Calculators drop-down menu on the navigation panel.
In order to upload as much completed information as possible to the calculator, click the drop- down menu beside Scenario and choose the client’s Illness. Immediately, the following fields will have changed from default values, to data already entered on other screens: Current Age, Current Earned Income and Inflation.
- Adjust the # of Years to Replace Income to 1.
- Leave the After Tax Rate of Return assumption at the default.
- Change the Lump Sum Costs field to $400000.
- Click on the Calculate button at the bottom of the screen.
- After reviewing the information, click the Save button so this information can be used in any documents you produce.
- Repeat these steps for the spouse since she has the same information.
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 Trinidad and Tobago 
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| == Question One: ==
George is 45-years old and wants to purchase a Critical Illness policy to ensure that his family would be able to maintain their lifestyle in the event that he became critically ill. George currently earns $80,000 and would need to replace his income for two years. His inflation assumption is 3%, and his after-tax rate of return would be assumed at 6%. George would also want to be able to pay any extra medical costs for approximately $20,000, and $10,000 for a nanny to look after his children and chores around the house. How much critical illness insurance does George require?
Answer:
Select the Critical Illness Calculator from the Calculators drop-down menu on the Home page.
1. Enter the age of the client (45) in the Current Age field
2. Adjust the Current Earned Income field to $80,000.
3. Set the Number of Years to Replace Income to 2, as the client indicated.
4. Leave the Inflation assumption at the default of 3%
5. Leave the After Tax Rate of Return assumption at the default of 6%
6. Change the Lump Sum Costs field to $30,000: the total value of the medical costs and employment of the nanny.
7. Click on the Calculate button at the bottom of the screen.
Identify the Total Insurance Required in the Results section.
The answer should be $187,736.
Question Two:
One of your clients, for which you have already done life planning, would both like to plan for 1 year of critical illness, with assumed medical expenses of $40,000.
Answer:
Select your clients from the Client Search page and go directly to the Critical Illness Calculator using the Calculators drop-down menu on the navigation panel.
In order to upload as much completed information as possible to the calculator, click the drop- down menu beside Scenario and choose the client’s Illness. Immediately, the following fields will have changed from default values, to data already entered on other screens: Current Age, Current Earned Income and Inflation.
- Adjust the # of Years to Replace Income to 1.
- Leave the After Tax Rate of Return assumption at the default.
- Change the Lump Sum Costs field to $40,000.
- Click on the Calculate button at the bottom of the screen.
- After reviewing the information, click the Save button so this information can be used in any documents you produce.
- Repeat these steps for the spouse since she has the same information.
|
 Barbados 
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| == Question One: ==
George is 45-years old and wants to purchase a Critical Illness policy to ensure that his family would be able to maintain their lifestyle in the event that he became critically ill. George currently earns $80,000 and would need to replace his income for two years. His inflation assumption is 3%, and his after-tax rate of return would be assumed at 6%. George would also want to be able to pay any extra medical costs for approximately $20,000, and $10,000 for a nanny to look after his children and chores around the house. How much critical illness insurance does George require?
Answer:
Select the Critical Illness Calculator from the Calculators drop-down menu on the Home page.
1. Enter the age of the client (45) in the Current Age field
2. Adjust the Current Earned Income field to $80,000.
3. Set the Number of Years to Replace Income to 2, as the client indicated.
4. Leave the Inflation assumption at the default of 3%
5. Leave the After Tax Rate of Return assumption at the default of 6%
6. Change the Lump Sum Costs field to $30,000: the total value of the medical costs and employment of the nanny.
7. Click on the Calculate button at the bottom of the screen.
Identify the Total Insurance Required in the Results section.
The answer should be $187,736.
Question Two:
One of your clients, for which you have already done life planning, would both like to plan for 1 year of critical illness, with assumed medical expenses of $40,000.
Answer:
Select your clients from the Client Search page and go directly to the Critical Illness Calculator using the Calculators drop-down menu on the navigation panel.
In order to upload as much completed information as possible to the calculator, click the drop- down menu beside Scenario and choose the client’s Illness. Immediately, the following fields will have changed from default values, to data already entered on other screens: Current Age, Current Earned Income and Inflation.
- Adjust the # of Years to Replace Income to 1.
- Leave the After Tax Rate of Return assumption at the default.
- Change the Lump Sum Costs field to $40,000.
- Click on the Calculate button at the bottom of the screen.
- After reviewing the information, click the Save button so this information can be used in any documents you produce.
- Repeat these steps for the spouse since she has the same information.
|
 Bermuda 
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| == Question One: ==
George is 45-years old and wants to purchase a Critical Illness policy to ensure that his family would be able to maintain their lifestyle in the event that he became critically ill. George currently earns $80,000 and would need to replace his income for two years. His inflation assumption is 3%, and his after-tax rate of return would be assumed at 6%. George would also want to be able to pay any extra medical costs for approximately $20,000, and $10,000 for a nanny to look after his children and chores around the house. How much critical illness insurance does George require?
Answer:
Select the Critical Illness Calculator from the Calculators drop-down menu on the Home page.
1. Enter the age of the client (45) in the Current Age field
2. Adjust the Current Earned Income field to $80,000.
3. Set the Number of Years to Replace Income to 2, as the client indicated.
4. Leave the Inflation assumption at the default of 3%
5. Leave the After Tax Rate of Return assumption at the default of 6%
6. Change the Lump Sum Costs field to $30,000: the total value of the medical costs and employment of the nanny.
7. Click on the Calculate button at the bottom of the screen.
Identify the Total Insurance Required in the Results section.
The answer should be $187,736.
Question Two:
One of your clients, for which you have already done life planning, would both like to plan for 1 year of critical illness, with assumed medical expenses of $40,000.
Answer:
Select your clients from the Client Search page and go directly to the Critical Illness Calculator using the Calculators drop-down menu on the navigation panel.
In order to upload as much completed information as possible to the calculator, click the drop- down menu beside Scenario and choose the client’s Illness. Immediately, the following fields will have changed from default values, to data already entered on other screens: Current Age, Current Earned Income and Inflation.
- Adjust the # of Years to Replace Income to 1.
- Leave the After Tax Rate of Return assumption at the default.
- Change the Lump Sum Costs field to $40,000.
- Click on the Calculate button at the bottom of the screen.
- After reviewing the information, click the Save button so this information can be used in any documents you produce.
- Repeat these steps for the spouse since she has the same information.
|
 Bahamas 
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| == Question One: ==
George is 45-years old and wants to purchase a Critical Illness policy to ensure that his family would be able to maintain their lifestyle in the event that he became critically ill. George currently earns $80,000 and would need to replace his income for two years. His inflation assumption is 3%, and his after-tax rate of return would be assumed at 6%. George would also want to be able to pay any extra medical costs for approximately $20,000, and $10,000 for a nanny to look after his children and chores around the house. How much critical illness insurance does George require?
Answer:
Select the Critical Illness Calculator from the Calculators drop-down menu on the Home page.
1. Enter the age of the client (45) in the Current Age field
2. Adjust the Current Earned Income field to $80,000.
3. Set the Number of Years to Replace Income to 2, as the client indicated.
4. Leave the Inflation assumption at the default of 3%
5. Leave the After Tax Rate of Return assumption at the default of 6%
6. Change the Lump Sum Costs field to $30,000: the total value of the medical costs and employment of the nanny.
7. Click on the Calculate button at the bottom of the screen.
Identify the Total Insurance Required in the Results section.
The answer should be $187,736.
Question Two:
One of your clients, for which you have already done life planning, would both like to plan for 1 year of critical illness, with assumed medical expenses of $40,000.
Answer:
Select your clients from the Client Search page and go directly to the Critical Illness Calculator using the Calculators drop-down menu on the navigation panel.
In order to upload as much completed information as possible to the calculator, click the drop- down menu beside Scenario and choose the client’s Illness. Immediately, the following fields will have changed from default values, to data already entered on other screens: Current Age, Current Earned Income and Inflation.
- Adjust the # of Years to Replace Income to 1.
- Leave the After Tax Rate of Return assumption at the default.
- Change the Lump Sum Costs field to $40,000.
- Click on the Calculate button at the bottom of the screen.
- After reviewing the information, click the Save button so this information can be used in any documents you produce.
- Repeat these steps for the spouse since she has the same information.
|
 Puerto Rico 
|
| == Question One: ==
George is 45-years old and wants to purchase a Critical Illness policy to ensure that his family would be able to maintain their lifestyle in the event that he became critically ill. George currently earns $80,000 and would need to replace his income for two years. His inflation assumption is 3%, and his after-tax rate of return would be assumed at 6%. George would also want to be able to pay any extra medical costs for approximately $20,000, and $10,000 for a nanny to look after his children and chores around the house. How much critical illness insurance does George require?
Answer:
Select the Critical Illness Calculator from the Calculators drop-down menu on the Home page.
1. Enter the age of the client (45) in the Current Age field
2. Adjust the Current Earned Income field to $80,000.
3. Set the Number of Years to Replace Income to 2, as the client indicated.
4. Leave the Inflation assumption at the default of 3%
5. Leave the After Tax Rate of Return assumption at the default of 6%
6. Change the Lump Sum Costs field to $30,000: the total value of the medical costs and employment of the nanny.
7. Click on the Calculate button at the bottom of the screen.
Identify the Total Insurance Required in the Results section.
The answer should be $187,736.
Question Two:
One of your clients, for which you have already done life planning, would both like to plan for 1 year of critical illness, with assumed medical expenses of $40,000.
Answer:
Select your clients from the Client Search page and go directly to the Critical Illness Calculator using the Calculators drop-down menu on the navigation panel.
In order to upload as much completed information as possible to the calculator, click the drop- down menu beside Scenario and choose the client’s Illness. Immediately, the following fields will have changed from default values, to data already entered on other screens: Current Age, Current Earned Income and Inflation.
- Adjust the # of Years to Replace Income to 1.
- Leave the After Tax Rate of Return assumption at the default.
- Change the Lump Sum Costs field to $40,000.
- Click on the Calculate button at the bottom of the screen.
- After reviewing the information, click the Save button so this information can be used in any documents you produce.
- Repeat these steps for the spouse since she has the same information.
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