Learning Center

The following are topics discussed on our site. Click on the link to be guided directly to the topic of your choice:
Helpful Hint:
  • If you have disabled JavaScript or Cookies in your browser, please enable them to complete the calculators. If you're unsure what they are, you're probably OK.

  Life Insurance Calculator

This Life Insurance calculator will help you to decide how much life insurance you need if your survivors invest the life insurance benefits they receive. Please note that this Life Insurance Calculator is for example purposes only and should not be considered professional advice. Consult with Bright Oaks Insurance regarding the amount this Life Insurance Calculator quoted.

Funeral cost, estate taxes, etc.: $[?]
Amount needed to pay off non-mortgage debt: $[?]
Amount needed in emergency fund: $[?]
Amount needed in college fund: $[?]
Expected average annual living expenses: $[?]
Expected spouse's average annual income after taxes: $[?]
Annual Social Security Benefits: $[?]
Spouse's current age:   [?]
Value of current liquid assets (total of savings, investments, etc.): $[?]
Expected survivor's investment strategy:   
Life insurance needs: $[?]

Disability Income Insurance

Need: Income Protection

Disability Can Happen
A disability can happen in many ways and occurs more often than you may realize.

  • Cancer - Lifetime chance of developing cancer is slightly less than 1 in 2 for men; a little more than 1 in 3 for women
  • Heart Attack - About every 34 seconds, an American will suffer a heart attack
  • Stroke - Stroke is the leading cause of serious long-term disability in the United States
  • Home - 51% of injuries occur at home
  • Work - 12.5% of injuries occur at work
  • Car - 8.2% of injuries occur in motor vehicles
Solution: Calculate Your Disability Income Needs

Step One: Basic Monthly Expenses

Mortgage/Rent Payment: $
Utilities: $
Food & Clothing: $
Dependent Care: $
Insurance: $
Transportation: $
Debt Paymets: $
Other: $
Total Basic Monthly Expenses: $

Note: Click continue once you've calculated your Total Basic Monthly Expenses.

Mortgage Protection Q&A

Who owns the policy? Owned by you. You can control what happens to your life insurance coverage.
Who determines who will get the benefits?
You decide who will be named beneficiary and receive the proceeds.
Can my coverage be canceled by someone other than myself?
No. Although your coverage offers mortgage protection it is not tied to a specific mortgage or need should you cancel your mortgage your coverage will remain in force, except in the event of non-payment of your life insurance premiums.
Can i continue the coverage if I change companies or move?
Yes. Coverage is portable and you can use it to cover another mortgage if desired.
Is the benefit amount level?
Yes. Amount of benefit can remain level even though the mortgage balance reduces.
Can i apply for more coverage than the mortgage amount?
Yes. Coverage can be higher than the amount of the mortgage to cover other needs.
Can the plan be designed to build cash values?
Yes. Depending on the life insurance coverage you choose you may be able to take advantage of tax-deferred cash accumulation options.
Can my plan be customized to meet my individual needs?
Yes. Other benefits and features can often be added through optional riders.

Informative Videos: