Function 

Description 

Commuted Value 

The single payment amount that would be payable in lieu of a series of periodic future payments over a defined period of time 

Commuted Rate 

The rate at which the commuted value of a given number, frequency and timing of future payments is commuted to a single lump sum payable immediately. 

Commuted Period 

The period of time during which a given periodic payment would be paid, assuming a commuted rate, payment frequency, timing and lump sum deposit. 

Commuted Income 

The amount of income that would be derived from a lump sum deposit, assuming a stated ROI, indexing, frequency and payment period. 

Present Value 

The amount of money that would be required in advance, in the form of a lump sum, to finance a series of future periodic payments over a specified period of time and assuming a given return on investment 

Quick Life Insurance Needs Estimator 

A quick estimator of the amount of life insurance coverage that would be needed. (Note: As the name indicates this is a quick estimator and should not be assumed to be an analysis.)
