Coverage Gap Assessment

Answer a few guided questions to estimate whether your household may have a protection gap.

Section 1
Let’s start with who you’re protecting
Marital Status
Do you have anyone who depends on your income?
Section 2
Tell us about your income
Employment Type
1: Very unstable 3 5: Very stable
Section 3
Let’s protect your home
Housing Status
Section 4
What does it cost to run your household?
Total Monthly Expenses: $0
Section 5
What future costs should we protect?
College Funding
Would you want your debts fully paid off?
Would you want to leave money behind for your family?
Section 6
Do you already have protection?
Existing Life Insurance
Section 7
What are your biggest concerns?
Biggest Concern
Emergency Savings
Section 8
Let’s match this to your budget
Monthly Budget
Preference
Section 9
Let’s assess your financial protection against major health events
Have you ever been diagnosed with any of the following?
Do you have a family history of any of these conditions?
How would you describe your overall health?
Do any of the following apply?
Do you currently have any coverage that pays a lump sum if you are diagnosed with a serious illness?
If you were diagnosed with a serious illness, how long could you cover your expenses?
What would be your biggest concern financially?
How dependent is your household on your income?
Are you planning any major life changes in the next 1-2 years?
If available, would you prefer a policy that pays a lump sum upon diagnosis?
Section 10
Let’s plan your future income
When do you expect to need income beyond your current earnings?
Section 11
Guaranteed income
Do you expect to receive Social Security?
Will you receive a pension?
Section 12
Retirement savings
Are you actively contributing to retirement savings?
Section 13
Do you already have protected income set up?
Do you currently own any annuities or protected income products?
Section 14
Income preference
In retirement, would you prefer:
Section 15
Market risk sensitivity
What worries you most about your savings?
1: Very conservative 3 5: Aggressive
Section 16
Liquidity preference
How important is access to your money?
How much of your savings could you safely allocate?
When would you want protected income to begin?
Section 17
Let’s review your current Dental, Vision, and Hearing coverage
Do you currently have coverage for any of the following?
Section 18
How often do you use these services?
Dental Frequency
Vision Frequency
Hearing
Section 19
Do you expect any of these in the next 12-24 months?
Dental Needs
Vision Needs
Hearing Needs
Section 20
Cost sensitivity
If you had a $2,000 unexpected dental bill, how comfortable would you be?
Section 21
Budget
Monthly budget preference