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Insurance Kit

Insurance Kit
  • #: 169962
  • Price: $4.99 In Apple Store
  • Category: Finance
  • Updated: 2012-04-23
  • Current Version: 1.10
  • 1.10
  • Size: 0.40 MB
  • Language: English
  • Seller: PicsAlive Pte Ltd
  • Requirements: Compatible with iPhone, iPod touch, and iPad. Requires iOS 3.0 or later
  • © 2011 Picsalive Pte Ltd
  •  Add to Favorite apps

 

Description

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)

What's New in Version 1.10

Fix error in retirement email's text

iPhone Screenshots

Insurance Kit iPhone Screenshot 1
Insurance Kit iPhone Screenshot 2
Insurance Kit iPhone Screenshot 3
Insurance Kit iPhone Screenshot 4
Insurance Kit iPhone Screenshot 5

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The information may be outdated (2017-03-08 10:51:43). For actual information go to iTunes

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