The traditional financial planning technique used by professional financial planner is to assume that one’s dependents are not permanent. The most common are children as dependents. When they finish school, they are not supposed to be a liability to their parents anymore. That is why a term insurance covering for a short period of support is most suitable. However, there are cases in which a person has permanent dependents such have having children with permanent disabilities. In this case, the equation is very different. Regardless of how one juggle with the figures, a very large capital outlay is required. By my estimate, a person who does not have $1500 extra cash every month will need government support to help his family. In the following example, I demonstrate how I come up with this figure with the various assumptions of course. Let’s assume that a parent is aged 30 years old ......