Current Coverage Amount
The amount of "Current Coverage" in the Life Insurance graph includes the death benefit from any life insurance policies added under Profile > Insurance. You will see all of the coverage amount appear in the graph as indicated below:
There are 2 ways of calculating the recommended amount of life insurance. You can switch between the two by clicking in the red boxed area illustrated in the image below.
1. Needs analysis: This is a calculation of the present value of all future expenses, goals and liabilities
2. Income replacement: This is a calculation of the present value of all future employment income.
*Note: we calculate the present value using the rate of inflation in the plan.