View this email in web browser
 
 
Logo
 
Home     Contact     Educator Programs     Insurance
 
 
In service to educators since 1945
 
We care about the lifelong financial well-being of educators, offering tailored solutions, expertise and local agents serving over 4,000 schools across the US.
 
Meet your Agent
 
 
Will you have enough life insurance
to truly help your loved ones?
 
It's not always clear what your life insurance protection will really provide in the way of income for your loved ones if you would die. What sounds like a large policy amount may, in fact, not provide enough money for living expenses, paying off the house or sending kids to college. The chart below can show you how much policy proceeds will actually provide on a monthly basis (assuming a 5 percent fixed annual interest rate, monthly income amounts are before taxes).
 
Details
 
 
 
Remaining death benefit after final expenses and other debt paid off (loans, mortgage, college)
 
$100,000 $200,000 $300,000 $500,000 $1,000,000
Monthly
income for
10 years
$1,051 $2,102 $3,153 $5,255 $10,510
Monthly
income for
20 years
$651 $1,302 $1,954 $3,256 $6,512
Monthly
income for
30 years
$528 $1,056 $5,279 $2,640 $5,279
Monthly
income for
40 years
$473 $946 $1,419 $2,365 $4,729
 
How much income would your loved ones need?
You could look at life insurance another way as well. How much income per month would your family need to replace your income if you died? Here's an idea of face amounts needed to generate certain income levels per month for a set number of years (assuming a 5 percent fixed annual interest rate, monthly income amounts are before taxes).
 
Details
 
 
 
Face amount needed to provide income per month over specified period
 
Income per
month
10 years 20 years 30 years 40 years
$1,000 $95,152 $153,567 $189,428 $211,444
$2,500 $237,879 $383,916 $473,571 $528,610
$5,000 $475,758 $767,833 $947,141 $1,057,221
$7,500 $713,638 $1,151,749 $1,420,712 $1,585,831
 
 
 
Tony Williams, MBA [General Agent, Securities Representative]
 
i
 
a Horace Mann Company
801 International Pkwy, 5th Floor
Lake Mary, Florida 32746
 
P: 407-754-7223
 
Email: tony.williams@horacemann.com
 
Website: www.horacemann.com