Your Policytype™ For Life Insurance
Let our unbiased PolicyType™ algorithms guide you towards the types of life insurance you should be considering.
- 1.Are you currently saving enough in your 401k to get the full matching employer contribution?
- A.
Yes
- B.
No
- C.
I don't get any match from my employer.
- D.
I don't have a retirement plan thru work.
- 2.How many months of expenses do you normally keep in cash reserves?
- A.
Less than one month
- B.
1-2 months
- C.
2-3 months
- D.
More than 3 months
- 3.What percentage of your income each month is salary or guaranteed?
- A.
100%
- B.
75% to 100%
- C.
50% to 75%
- D.
Less than 50%
- 4.What is your credit score?
- A.
Less than 600
- B.
600-700
- C.
700-800
- D.
Above 800
- 5.What is your risk number? (or risk tolerance)
- A.
Less than 25 (Conservative)
- B.
25-50 (Moderate)
- C.
50-75 (Moderately Aggressive)
- D.
Above 75 (Aggressive)
- 6.What is your annual taxable household income?
- A.
Less than $100,000
- B.
$100,000 to $250,000
- C.
$250,000 to $500,000
- D.
Above $500,000
- 7.How much debt as a percentage of your annual income do you currently carry? (Excluding mortgage)
- A.
Less than 10%
- B.
10% to 25%
- C.
25% to 50%
- D.
Above 50%
- 8.After 401k or other retirement plan contributions, how much do you save as a percentage of your monthly income?
- A.
Less than 10%
- B.
10% to 25%
- C.
25% to 50%
- D.
More than 50%
- 9.How long would you need to live before your beneficiary(s) no longer needed the life insurance proceeds?
- A.
Less than 10 years
- B.
10-20 Years
- C.
Over 20 Years
- 10.Out of these three possibilities, which one is LEAST important to you?
- A.
Keeping the monthly out of pocket costs as low as possible
- B.
Having options to continue the coverage should my health become a problem
- C.
The financial stability of the insurance company
Questions: 25 | Attempts: 22373 | Last updated: Mar 22, 2022
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