In the October 2013 issue of Investment Executive, the article on page B8, Financial checkup: A year abroad, a cottage and more, contained errors in the premiums for insurance policies recommended. Specifically, the annual premiums for term life insurance for Chris would be around $3,700 for the first 10 years and $1,600 for the following 10 years. The annual premiums for term insurance for Jessica would be around $2,700 for the first 10 years and $1,000 for the second decade. The annual premium for the 20-pay participating life insurance policy would be about $12,600. The combined annual premiums for long-term health insurance would be around $5,000. The web version of the article has the corrected premiums.

© 2013 Investment Executive. All rights reserved.