INSURANCE ADVICE*
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The Trust and Investment Management Group provides advice and guidance for any type of insurance need. See why it’s easier to plan for your insurance needs with Century Bank and Trust.

Insurance is a piece of the financial planning puzzle that is sometimes overlooked. Too often, people underestimate its importance.  However, for most people, having appropriate levels of insurance coverage is critical to financial security.  We offer unbiased opinions on the following types of insurance.                                                                    

  • Term Life Insurance
  • Permanent Life Insurance
  • Long Term Care Insurance
  • Disability Insurance

Calculating Insurance Needs

With insurance planning; the first question is always, “how much is enough?”  Whether you need life insurance at all and, if you do, the best amount of insurance coverage to have depends on your particular circumstances. 

Our insurance worksheet will help you analyze how much coverage you may need. 
Download the Insurance Worksheet PDF 

INSURANCE WORKSHEET

 

 

 

 

 

 

 

HOUSEHOLD INCOME WITHOUT YOUR EARNINGS

 

 

Spouse's (dependent's) earnings……………………………………..

$

Social Security benefits……………………………………………….

$

Retirement benefits…………………………………………………….

$

Investment benefits…………………………………………………….

$

Income from investing the proceeds of any
existing life insurance policies on your life………………………….

 

$

Total Annual Income…………………………………………………..

$

Annual Expenses………………………………………………………

$

Additional Annual Income Needed from
Life and/or Disability Insurance……………………………………….

 

$

 

         

    /   $5,000

 

         

  x $100,000

Additional Life Insurance Needed*………………………………….

$

*Estimate Only