Insurance Kit

Insurance Kit

By PicsAlive

  • Category: Finance
  • Release Date: 2010-05-25
  • Current Version: 1.10
  • Adult Rating: 4+
  • File Size: 401.29 kB
  • Developer: PicsAlive
  • Compatibility: Requires iOS 3.0 or later.


Insurance Kit is an invaluable tool for Insurance Professionals and Financial Planners. 1. Calculates Rate of Return of limited payment saving/ insurance/ investment plans. 2. Calculates Retirement Fund required 3. Calculates Life Insurance required 4. Calculates College Fund required and 5. Is also a Financial Calculator Rate of Return ------------ Using cash flow calculation, Insurance Kit works out the rate of return of limited payment plans e.g. plans that require 10 annual payments and mature on the 20th year. A financial calculator can do the job too but it involves many steps. With Insurance Kit , all you need is to enter the following fields and the the rate of return will be generated instantaneously: - Annual Payment/premium - Number of payments (in years) - Year of maturity or surrender - Maturity/surrender value Retirement --------- Using Capital Liquidation method, Insurance Kit calculates Retirement fund needed. The app takes into account inflation and interest rate and the amount needed to finance a desired retirement lifestyle in today's dollar. It then calculates the amount required at retirement age. The calculation will be shown with a touch of a button. Life Insurance ----------- Insurance Kit calculates the amount of life insurance required. Education -------- Insurance Kit calculates the projected cost of college education. Financial Calculator --------------- Insurance Kit is also a financial calculator that allows you to calculate anyone of the following fields: - Present Value (PV) - Period (N) - Payment ( PMT) - Interest Rate (I) - Future Value (FV)



  • This is a tremendous App for insurance agents and individuals

    By dhfkaf
    I have been a life insurance agent since 1963. I feel this a very valuable App that not only helps the agent but also the insured. It answers the question how much life insurance you need not how much the agent or insurance company thinks you need. It also figures rates of return and many other financial calculations! I highly recommend this App and will use it often in my insurance interviews. Dave Fisher Jr