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Protection gaps · 1 of 4

If you died tomorrow, what would your family be short?

The death gap is the cleanest of the four protection gaps: income for the years your family depends on it, plus the mortgage, minus the cover and savings already in place. Five inputs, one honest number.

Your details

Benchmark: 9× annual income (MoneySense rule of thumb) for the family’s ongoing living costs, plus your mortgage and education add-ons on top. Not sure of the education number? Price it with the education fund calculator.

Death gap — what your family would be shortS$698,000

Need S$948,000 (S$648,000 income benchmark + add-ons) minus S$250,000 of cover and savings

Income benchmark (9×)S$648,000
Total needS$948,000
Cover + savingsS$250,000
S$698,000 of family responsibility is uninsuredTerm life prices this most cheaply while the responsibility lasts — compare term insurers. And because you’d still be alive in the other three bad days, check the CI and TPD gaps too.

A rules-of-thumb screen from the MoneySense Basic Financial Planning Guide and your own inputs — not a full needs analysis or advice. Dependants’ ages, spouse income, existing riders and affordability all move the number. A licensed adviser runs the full calculation before any product discussion.

The benchmark is the start, not the plan

Free and no obligation — an adviser can help you:

  • Right-size by dependant ages and spouse income instead of a flat multiple
  • Match the cover's term to the responsibility — mortgage end, youngest child's independence
  • Price term vs whole life honestly for your budget and estate needs
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