Life Insurance & CIMER


One of the common ways to determine how much Life Insurance is enough is through the acronym C.I.M.E.R.

Cash “ Needed to clean up your affairs;
Income – Replacing your income with a Lump Sum that can be used up to produce the same level of income at say 5% after tax and costs;
Mortgage – Straight forward, pay out your debts to take the pressure off;
Education – May well be covered in Income above;
Retirement – How much of your income in your later working years would have gone towards building up your funds to retire on?

Often the period you expect to support children has a big bearing on the above.

Also you then can deduct from the above Lump Sum as calculated any ‘realisable assets’, such as Super, so as to bring the total required down.

Cheers, and if you know of a family member or friend we can assist, please don’t hesitate to share with them.
Dave Dyson

This blog contains purely factual information and/or general advice and does not constitute personal financial product advice. The content of this email does not take into account your personal objectives, financial situation or needs and you must determine whether it is appropriate to your situation. We recommend you obtain financial, legal and taxation advice before making any financial or investment decision.

This blog and any attachments are confidential and may contain copyright material of third parties. If you are not the intended recipient of this email you should not use or disclose any attachments and should destroy all copies of them. We do not guarantee the integrity of any comments made. The views or opinions expressed are the author’s own and do not reflect the views or opinions of any other person or entity.


Leave a Reply

Your email address will not be published. Required fields are marked *