MaxiFi calculates how much life insurance is needed to fully protect survivors' living standards. But a household's need for life insurance changes annually as there are fewer years of labor earnings that will be lost through death and fewer years of survivor spending that need to be sustained.
Paula and John love children and would love to have another. But Paula is worried it will compromise their comfortable financial situation.
Jack and Sue are considering taking out a mortgage on their home and investing in bonds. They want to reap the alleged tax breaks from having a mortgage and they are also keen on investing the equity in their home — but doing so safely since the mortgage repayment is a for-sure obligation.