Assessment Calculators
Disability Estimator
Expected Investment Growth rate
Inflation Rate
What is the initial income from your income protector insurance policy
What is the waiting period in months
By how much will it increase annually
Present age
At what age will it cease
Property rental/ other income
What much does you spouse earn monthly
How many years will your spouse continue to work
What much cash does your family require as take home monthly
Use an SA Tax Calculator for the correct Tax Figure
For how long in years, will your family require the income
Would you sell any asset and turn it into cash
What liabilities would you want to pay off- Bond, Vehicle Loans, Credit Card etc
Vehicle and Home Modification and other disability appliance cost
How much capital disability cover do you have
How much do you have accumulated in your investments
How much do you have accumulated in your retirement funds
How much does your spouse have in accumulated instruments
How much does your spouse have in accumulated retirement funding
Income Summary
Monthly income available
Monthly income required
Monthly shortfall/ Excess
Capital Summary
Initial available cash
Initial liabilities and expenses
Initial shortfall/ Excess
Assessment
Funds available will provide an income for
Additional cover required
Assumptions
- Assumption #1 : Your spouse salary will increase by inflation
- Assumption #2 : You have estimated your family’s income needs fairly accurately
- Assumption #3 : You have calculated the tax requirement accurately
- Assumption #4 : You realise that this is an estimation - and does not take children or dependants term of requirement into account
- Assumption #5 : You have taken ALL your hard assets into consideration
- Assumption #6 : You have added up every cent that your estate could be liable for (no nasty surprises) Including Executor's Fees
- Assumption #7 : You are sure that your life cover is active and not payable to a third party
- Assumption #8 : The fund values for your investments are up to date
- Assumption #9 : Your retirement instruments are divorce decree proof
- Assumption #10 : You understand the rules of group life cover you may have