Personal "Protection" Index (PPI)
Now, the New York Life "Personal Protection Index" is a calculator that will take into account your current age, income and resources and compare it to stated and industry-standard income replacement goals for your retirement, survivors and emergency fund. Your calculated PPI number, on a scale of 0 to 100 percent, is a reflection of how close your current income and savings multiples come to the desired income and savings multiples with 100 being Very Protected and 0 being Severely Under Protected. It can be used to give you a general idea of how well you are financially protecting yourself, your family and your loved ones by using certain assumptions and information you provide. And just like a quarterback, when you're well-protected everyone on your "team" has an opportunity to win.
Take a minute and see your rating in the New York Life Personal "Protection" Index. The answer is less than 30 seconds away.
This information may help you analyze certain aspects of your financial situations. It is based on information and assumptions provided by you regarding your goals, expectations and financial situation. The calculations provided should not be construed as financial, legal or tax advice. In addition, such information should not be relied upon as the only source of information or investment advice. It is not intended as a recommendation for purchase any financial or insurance product. This information is supplied from sources we believe to be reliable, but we cannot guarantee its accuracy. Hypothetical illustrations may provide historical or current performance information. Past performance does not guarantee nor indicate future results.
The report is intended merely to provide you with a general assessment of how well or how poorly you measure in the areas of insurance protection, retirement savings and emergency funds in order to take the necessary next steps as applicable to improve your financial situation in these areas. The "protection" rate is based on a limited amount of information about you and considers only the three aforementioned components. There are other relevant factors about your personal and financial situation which were not evaluated and could have a material impact on the analysis. For a thorough needs analysis of your overall financial and/or insurance needs, click the "Consult An Agent Near You" button above and one of our professionally trained agents in your area will contact you.