The document emphasizes that calculating life insurance needs is a dynamic process that should consider individual income levels and inflation over time. It suggests separate calculations for each partner in a relationship and encourages consulting a qualified insurance agent for detailed analysis. The tool presented is intended to help approximate necessary coverage but should not be the only calculation done.

3. The life insurance pro’s over at the insurance pro blog would like to remind you that this is merely a tool
to be used that will help you more accurately approximate the amount of life insurance coverage (face
amount) you or your client might need today. Please keep in mind that you should do a separate
calculation for each spouse or partner in a relationship as income levels and needs are different.
Also, please be aware that you will need to take into account the effects of inflation which in turn will
cause the amount of insurance you need to rise significantly over time. In other words, this is not a
static calculation that you do once in your lifetime. For an in depth analysis from a qualified insurance
agent, contact us at the salus agency