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Family protection

Is your family actually covered if income stops?

“Protection gap” is really four different gaps, because the four bad days cost differently: death, total & permanent disability, critical illness, and long-term care. Start with the quick screen below, then run the dedicated calculator for each gap — they ask the questions the combined view can’t.

Your details

Uses the MoneySense rules of thumb: 9× annual income for death/TPD cover and 4× annual income for critical illness. Liquid savings count toward the death/TPD need.

Family protection gap (death / TPD)S$398,000

Benchmark need S$648,000 (9× your annual income) minus existing cover and liquid savings

Benchmark needS$648,000
CI recovery needS$288,000
CI gapS$238,000
S$398,000 of family responsibility is unfundedIf income stopped tomorrow, this is the gap between what your family needs and what policies plus savings would provide. Term cover typically prices this gap at a few dollars per S$100k of cover per month at younger ages.

A rules-of-thumb screen from the MoneySense Basic Financial Planning Guide and your own inputs — not a full financial needs analysis or advice. It ignores mortgage balances, children’s education, parents’ support, existing riders and affordability, which can move the number a lot in either direction. A licensed adviser runs the full needs-based calculation before any product discussion.

Go deeper — one calculator per bad day

1 · Death gap
Income stops permanently — the family carries on9× income benchmark + mortgage + education, minus cover and savings. The cleanest gap to price with term life.
2 · TPD gap
Alive, but unable to work again — usually the BIGGER gapEverything the death gap needs, plus years of care costs and home modification, because you’re still here.
3 · Critical illness gap
Income pauses for treatment yearsRecovery money for the household while you stop work — the hospital bill itself is your Shield plan’s job.
4 · Long-term care gap
Severe disability for years — CareShield’s S$689/mo vs real care costsThe least-insured gap in Singapore, and the cheapest to close while healthy (supplements are MediSave-payable).

A benchmark is not a needs analysis

Free and no obligation — an adviser can help you:

  • Add what the rule of thumb ignores: mortgage, children's education years, parents' support
  • Check the cover you already have — term, whole life, riders, group cover from work — for overlaps and expiry dates
  • Price the gap honestly across term vs whole life so the premium fits before you commit
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