Life insurance coverage evidence planner: build an amount you can explain
This planner adds specific household obligations, then subtracts resources already set aside for them. It does not recommend a product or assume that income should be replaced forever.
How the planner calculates the gap
Income bridge equals annual income entered times years of support. The planner adds mortgage, other debts, future goals, and final or transition expenses. It then subtracts dedicated assets and existing coverage. Negative results display as no modeled gap rather than negative insurance.
Do not count the same resource twice. For example, if a savings account is already assigned to education, decide whether it belongs as a resource against that goal. Confirm whether workplace coverage is portable and whether its amount changes with employment.
Use the worksheet responsibly
The numbers remain in your browser and are not submitted to THOUGH.you.
Review the need
Discuss survivor income, public benefits, existing assets and debts with an appropriate professional.
Review affordability
A theoretical need does not make an unaffordable premium sustainable. Compare the actual policy and budget.