Life Insurance Estimater

    5 REM Life Insurance Estimat-er from PARADE MAGAZINE, April  24, 1983, by Andrew Tobias
   10 REM  Adapted for computer  use by John Colonna, SINCUS
   20 GO SUB 1000
  100 PRINT : PRINT : PRINT : PRINT "    LIFE INSURANCE ESTIMATER"
  110 PRINT : PRINT : PRINT 
  120 PRINT "     Simply stated the amount oflife insurance you need is equalto the amount needed to replace you financially. By using this  program you can estimate  what  your  family  would  need.  The first step is to determine 75%  of your take-home pay."
  150 INPUT "Enter 75% of your annual take-  home pay. ";p
  170 PRINT : PRINT 
  180 PRINT "   75% of annual"
  190 PRINT "   take-home pay   =   $";p
  195 GO SUB 2000
  200 PRINT : PRINT : PRINT : PRINT : PRINT 
  220 PRINT "     The next important questionis to find out the Social Secur-ity benefits your family could  expect to receive. The current  range is between $5000 to $16000(tax-free) a year. Contact your local Security Security office."
  230 INPUT "Enter Social Security yearly    benefits. ";b
  250 PRINT : PRINT : PRINT : PRINT : PRINT "    S. S. benefits  =  $";b
  290 GO SUB 2000
  300 PRINT : PRINT 
  320 PRINT "     The difference between yourannual income needed (";p;") andyour Social Security benefits   (";b;") is $";p-b;"."
  330 PRINT "     This annual insurance gap  you'll want life insurance to   make up, but you must decide forhow many years. This depends on the  ages  of  your  spouse and children. Choose a time  period from the table."
  350 PRINT : PRINT "         NUMBER OF YEARS"
  360 PRINT 
  370 PRINT "5   10   15   20   25   30   50"
  380 INPUT "Enter time period from above. ";t
  385 IF t<5 OR t>50 THEN GO TO 380
  390 IF t=5 THEN LET a=4.7
  400 IF t=10 THEN LET a=8.7
  410 IF t=15 THEN LET a=12
  420 IF t=20 THEN LET a=15
  430 IF t=25 THEN LET a=18
  440 IF t=30 THEN LET a=20
  450 IF t=50 THEN LET a=26
  470 PRINT : PRINT "     The amount of money needed for the next ";t;" years is $";a*(p-b);"."
  490 GO SUB 2000
  500 PRINT : PRINT : PRINT : PRINT : PRINT 
  520 PRINT "     Now you must add a lump sumas  a  cushion  for  funeral ex-penses, debts,  etc.,  at least half a year's salary."
  550 INPUT "Enter lump sum. ";l
  551 PRINT : PRINT : PRINT : PRINT : PRINT : PRINT "     Lump sum   =    $";l
  560 GO SUB 2000
  600 PRINT : PRINT : PRINT : PRINT 
  620 PRINT "     Now you must subtract what-ever group life insurance you   may have at work and also your  assets such as savings accounts,stocks,  retirement  accounts,  etc."
  630 INPUT "Enter your assets. ";gl
  640 PRINT : PRINT : PRINT : PRINT : PRINT "    Total assets   =   $";gl
  690 GO SUB 2000
  700 PRINT : PRINT : PRINT "SUMMARY OF LIFE INSURANCE NEEDS"
  710 PRINT : PRINT : PRINT INVERSE 1;"Annual Income Needed"; INVERSE 0;TAB 23;p
  720 PRINT : PRINT INVERSE 1;"Annual S. S. Benefits"; INVERSE 0;TAB 23;b
  730 PRINT : PRINT INVERSE 1;"No. of Years Needed"; INVERSE 0;TAB 26;t
  740 PRINT : PRINT INVERSE 1;"Amt. of Money Needed"; INVERSE 0;TAB 22;a*(p-b)
  750 PRINT : PRINT INVERSE 1;"Lump Sum Expenses"; INVERSE 0;TAB 23;l
  760 PRINT : PRINT INVERSE 1;"Assets"; INVERSE 0;TAB 23;gl
  800 PRINT : PRINT : PRINT " Your life insurance needs are-  "'TAB 13;"$"; INVERSE 1;(((a*(p-b))+l)-gl)
  850 INPUT "COPY or AGAIN (C/A)? ";n$
  860 IF n$="C" OR n$="c" THEN COPY 
  870 IF n$="A" OR n$="a" THEN RUN 100
  880 GO TO 850
  999 STOP 
 1000 BORDER 1: PAPER 1: INK 7: CLS 
 1010 PRINT : PRINT : PRINT : PRINT 
 1015 PRINT TAB 12;"\::\::\::\::\::\::\::\::\::"
 1020 PRINT TAB 12; INVERSE 1;" L I F E "
 1025 PRINT TAB 12;"\::\::\::\::\::\::\::\::\::"
 1030 PRINT : PRINT 
 1035 PRINT TAB 7;"\::\::\::\::\::\::\::\::\::\::\::\::\::\::\::\::\::\::\::"
 1040 PRINT TAB 7; INVERSE 1;" I N S U R A N C E "
 1045 PRINT TAB 7;"\::\::\::\::\::\::\::\::\::\::\::\::\::\::\::\::\::\::\::"
 1050 PRINT : PRINT 
 1055 PRINT TAB 7;"\::\::\::\::\::\::\::\::\::\::\::\::\::\::\::\::\::\::\::"
 1060 PRINT TAB 7; INVERSE 1;" E S T I M A T E R "
 1065 PRINT TAB 7;"\::\::\::\::\::\::\::\::\::\::\::\::\::\::\::\::\::\::\::"
 1450 GO SUB 2000
 1500 RETURN 
 2000 PRINT AT 21,3; FLASH 1;"Press any key to continue."
 2100 PAUSE 0: CLS 
 2200 RETURN 
 9999 CLEAR : CLS : SAVE "lifeinsest" LINE 1: BEEP 1,32: PRINT "Rewind to VERIFY.": VERIFY "": BEEP .2,30: PRINT FLASH 1;" V E R I F I E D