Life Insurance

Life Insurance

Ferrell Insurance Agency has a wide range of Life Insurance, and Annuities products to fit your needs. If you are looking for Whole Life Insurance, Universal Life Insurance, Mortgage Life Insurance, or Term Life Insurance we have it. We also have a large selection of Financial Investment and Retirement Savings to make your future prosperous and secure.

The purpose of life insurance is to replace your income should you die. It ensures that your family will be able to continue living as it does now.
Life insurance is not for you . . . . . . . . . . . .It's for the ones you love.

Cash Flow Calculator

Hidden Expenses Calculator

Cash Flow Calculator

Note: The following calculator required Java support.

You will want to use the Hidden Expense Calculator first because the monthly number it generates is needed in this calculator.

Note: When entering dollar amounts, Do Not Use Commas or Dollar Signs. $15,000 should be entered as 15000.

Income
Regular Income - Enter you normal monthly income here. If you are married add your income and your spouses.
Other Income - Enter any extra monthly income you might make from a night job, royalties, etc.
Expenses
Rent or Mortgage - Enter your monthly rent or mortgage bill here.
Car Payment - If you have a car loan(s), enter the total monthly payment(s) here.
College loans - If you are making payments on a college loan, enter the payment here.
Other loans - If you make monthly payments on other loans for furniture, boats, appliances, etc., enter the total monthly payments here.
Insurance - If you make monthly payments on any type of insurance, enter the amount here (do not enter insurance policies that you pay yearly or every six months, as they will be on the hidden expense calculator).
Groceries - Enter the amount you spend per month on food at the grocery
Eating Out - Enter the amount you spend per month on food at restaurants, vending machines, etc.
Gasoline - Enter the amount you spend per month on gasoline
Electricity - Enter your average monthly electric bill here.
Gas - Enter your average monthly natural gas bill here.
Water/Sewer - Enter your average monthly water bill here
Telephone - Enter the amount you spend on local and long distance phone service per month
Clothing - Enter the amount you spend on clothing per month
Habits - If you smoke, play the lottery, etc. on a regular basis, enter your average monthly expenses here.
Cable TV - If you have cable enter your monthly bill here.
Cellular phone or beeper - If you have a cell phone or beeper and pay a monthly bill on it, enter the bill here.
Entertainment - Enter you average monthly expenditure on entertainment: movies, videos, nightclubs, shows, music (CDs and tapes, concerts, etc.), Internet, video games, etc.
Medical - If you spend money monthly for medicine, treatment or medical insurance, enter the amount here.
Other - Enter here anything else you can think of that you typically pay on a monthly basis.
Hidden Expenses - Use the Hidden Expense Calculator to calculate your total hidden expenses, and enter the monthly number from that calculator here.
Click this button to calculate the total.
Total Income - This is your total income per month
Total Expenses - This is the total amount of money you spend per month on expenses.
Loss or gain - This number is total income minus total expenses, and indicates your loss or gain each month. A positive number indicates that you make more than you spend and therefore are able to save money each month. A negative number indicates that you spend more than you make and are therefore borrowing money each month.

Hidden Expenses Calculator

Note: The following calculator requires Java support.

The calculator below will help you discover all of your hidden expenses.

Note: When entering dollar amounts, Do Not Use Commas or Dollar Signs. $15,000 should be entered as 15000.

Auto Insurance - Enter the total amount of money you spend each year on auto insurance. Remember that auto insurance normally is billed on a six month cycle, so you may have to multiply your last bill by two.
Home Insurance - Enter the amount you spend on home owner's or renter's insurance
Extra Insurance - Enter the amount of money you spend on other insurance policies, for example for a boat, umbrella policy, jewelry, etc.
Life Insurance - Enter the amount you spend on life and/or disability insurance
Vacation - Enter the amount you plan to spend on vacation(s) this year
Tuition - If you are taking classes in college or night school, you probably get a tuition bill only two or three times a year. Enter your total annual cost of tuition here.
Birthday Gifts - Enter the amount of money you typically spend on all birthday gifts each year. Consider your mother, father, spouse, children, siblings, etc.
Christmas Gifts - Enter the amount of money that you expect to spend on Christmas gifts this year.
Other Gifts - Enter the amount you will spend on other gifts: mother's day, father's day, secretary's day, graduation, etc.
Charitable Contributions - Enter the amount you give per year to charities.
Car Repair - Enter the amount of money you typically spend in a year on car repair. Remember things like oil changes, tune ups, tire replacement, etc. If you have no idea enter at least $250.
Home Repair and Maintenance - Enter the amount you expect to spend on unexpected home repairs and maintenance. If you have no idea, enter at least $500.
Automobile Taxes - Enter here the amount you typically spend on automobile taxes, including yearly registration fees.
Property Taxes - Enter here the amount you typically pay per year on property taxes. If you have a mortgage the property taxes are typically handled as part of your mortgage payment.
Medical and dental - Enter here the amount you expect to pay for medical and dental visits not covered by insurance. For example, if you do not have dental insurance and you will have two check ups this year, enter the cost of those check ups here.
Other - Enter here anything else you can think of that you typically pay on a yearly basis and is often forgotten.
Click this button to calculate the total.
Total - This is the total amount of money you spend per year on "hidden" expenses.
Monthly total - This is the total divided by 12. You should be depositing this much in a separate account each month. Pay this amount "to yourself" just like you pay any other monthly bill.