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Here, I will buy a life insurance policy on my father’s life. So, I determine
the amount of
My family needs
Then setting goals
Re-viewing personal resources
Policy amount and premium calculation
Analyzing the family need:
As my father is a major earner of my family. If he does at student, my
family will have requirement of money for immediate expense. Here
include unpaid tax, funeral expense and personal debt.
Age 10 11 12 13 14 15 16
20 106.62 96.38 87.94 80.34 74.37 68.92 66.10
21 106.63 96.38 87.95 80.34 74.37 68.92 66.20
22 106.63 96.38 87.95 80.35 74.38 68.93 66.20
23 106.63 96.39 87.96 80.36 74.38 68.94 66.20
24 106.64 96.39 87.96 80.37 74.39 68.95 66.20
25 106.64 96.40 87.97 80.38 74.40 68.96 66.20
26 106.65 96.41 87.98 80.40 74.42 68.98 66.20
27 106.66 96.42 88.00 80.42 74.44 69.01 66.20
28 106.67 96.43 88.01 80.44 74.47 69.04 66.20
29 106.69 96.45 88.04 80.45 74.50 69.08 66.30
30 106.71 96.48 88.07 80.49 74.54 69.13 66.30
31 106.74 96.52 88.11 80.53 74.60 69.19 66.40
32 106.78 96.56 88.16 80.59 74.66 69.27 66.40
33 106.83 96.62 88.21 80.67 74.75 69.36 66.50
34 106.89 96.69 88.31 80.76 74.85 69.48 66.60
35 106.97 96.77 88.41 80.87 74.98 69.62 66.70
36 107.06 96.88 88.53 81.01 75.11 69.79 66.80
37 107.18 97.01 88.67 81.17 75.11 69.99 67.00
38 107.32 97.17 88.85 81.36 75.52 70.22 67.20
39 107.48 97.35 89.05 81.58 75.77 70.49 67.40
40 107.68 97.57 89.29 81.84 76.08 70.80 67.60
41 107.90 97.62 89.57 82.18 76.38 71.18 67.90
42 108..16 98.10 89.88 82.48 76.75 71.56 68.20
43 108.46 98.43 90.23 82.86 77.17 72.01 68.50
44 108.80 98.80 90.64 83.30 77.64 72.52
45 109.17 99.21 91.08 83.78 78.17 73.08
46 109.59 99.66 91.58 84.31 78.75
For my family, I have to buy 15 years term insurance policy, where the
policy value TK. 10,00,000.
=TK.73,080
=Tk. 6,090
= 28,000