Detailed Calculator

HOW WELL PROTECTED ARE YOU?

Please note that you are currently facing a protection gap as the value of your resources is lower than your overheads (i.e., your protection level is below the baseline of 60%); Please take the necessary actions today to narrow your protection gap

Well done! You are currently moderately protected as your resources are higher than your overheads (i.e., your protection level has met the baseline of 60%); Please remain vigilant and review your resources and overheads regularly to ensure you remain well-protected

Congratulations! You are currently well-protected as your resources are much higher than your overheads (i.e., your protection level has exceeded the baseline of 60% by 15-20%); Please remain vigilant and review your resources and overheads regularly to ensure you remain well-protected

About you

About your family

About your financial overheads

About your financial resources

{[stepTitle[1]]}

What is your age?

0 years old 100 years old

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What is your current marital status?

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Is your spouse working?

This field is mandatory.

Do you have any dependant children without special needs?

This field is mandatory.

Do you have any dependant children with special needs?

This field is mandatory.

Total number of dependent children: {[numChildrenAll]}

Do you have other dependants?

This field is mandatory.

Do you currently own any Mortality Insurance Coverage?

The pre-set value shown was calculated based on assumptions appropriate for your profile. For a more accurate result, please enter the value of Mortality Coverage that you own

This field is mandatory.

Do you currently own any Critical Illness Insurance Coverage?

The pre-set value shown was calculated based on assumptions appropriate for your profile. For a more accurate result, please enter the value of Critical Illness Coverage that you own

This field is mandatory.

What is your expected Critical Illness Recovery Period?

0 years 7 years

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{[stepTitle[2]]}

On average, how much do you earn in a year?

The pre-set value shown was calculated based on assumptions appropriate for your profile; For a more accurate result, please enter the value that applies to you personally

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On average, how much does your spouse earn in a year?

The pre-set value shown was calculated based on assumptions appropriate for your profile; For a more accurate result, please enter the value that applies to your spouse personally

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What is your spouse’s age?

0 years old 100 years old

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What is your spouse’s expected retirement age?

0 years old 100 years old

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What is the age of each of your dependent children without special needs?

What is the age of each of your dependent children with special needs?

What is the age of each of your other dependants?

On the overall, what is the life expectancy of all the dependants you have considered here?

0 years old 100 years old

This field is mandatory.

{[stepTitle[3]]}

For properties that you own: Do you currently own any mortgage loan? If so, what is the value of your remaining mortgage loan amount?

The pre-set value shown was calculated based on assumptions appropriate for your profile; For a more accurate result, please enter the value that applies to you personally

This field is mandatory.

How many years do you have left on your outstanding mortgage loans?

1 year 40 years

For personal loans: Do you currently own any personal loan? If so, what is the value of your remaining personal loan amount?

The pre-set value shown was calculated based on assumptions appropriate for your profile; For a more accurate result, please enter the value that applies to you personally

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How many years do you have left on your outstanding personal loans?

1 year 10 years

For properties that you are renting: Are you currently renting any property? If so, what is the value of the rental that you are paying per year?

The pre-set value shown was calculated based on assumptions appropriate for your profile; For a more accurate result, please enter the value that applies to you personally

This field is mandatory.

{[stepTitle[4]]}

What is the value of your Savings¹ (i.e., Cash, and Bank Deposits) that may be used to meet your Dependants‘ Mortality Needs², in the event of your passing or if you are diagnosed with total / permanent disability or terminal illness?

The pre-set value shown was calculated based on assumptions appropriate for your profile; For a more accurate result, please enter the value that applies to you personally

This field is mandatory.

What is the value of Other Financial Resources¹ (e.g., Investments) that may be used to meet your Dependants’ Mortality Needs², in the event of your passing or if you are diagnosed with total / permanent disability or terminal illness?

The pre-set value shown was calculated based on assumptions appropriate for your profile; For a more accurate result, please enter the value that applies to you personally

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What is the value of your Savings¹ (i.e., Cash, and Bank Deposits) that may be used to meet your Dependants‘ and Your Living Needs / Medical Expenses², should you be diagnosed with a major illness?

This field is mandatory.

What is the value of Other Financial Resources¹ (e.g., Investments) that may be used to meet your Dependants’ and Your Living Needs / Medical Expenses², should you be diagnosed with a major illness?

This field is mandatory.

What is the combined value of your savings across all CPF Accounts¹ that you own?

Please refer to CPF (https://www.cpf.gov.sg/member/cpf-overview) for an overview of the CPF Accounts available

This field is mandatory.

Mortality Coverage

Critical Illness Coverage

Protection Gap

{[getFormattedValueElse(resultProtGapMort, '$0')]}

{[getFormattedValueElse(resultProtGapCI, '$0')]}

100%

[{[getFormattedValueElse(resultResAvailMort, '$0')]}]

[You are fully protected against Mortality.]

[You are not protected against Mortality.]

100%

[{[getFormattedValueElse(resultResAvailCI, '$0')]}]

[You are fully protected against CI.]

[You are not protected against CI.]

Protection Gap

Financial Resources

Note: Please note that all figures shown were calculated based on either assumptions that are appropriate for your profile, or values that apply to you personally that you have entered; Where appropriate, figures have been rounded to the next whole number

Total Protection Needs

(Will be offset by Spouse’s income, if any)

{[getFormattedValueElse(resultProtNeedMort, '$0')]}

{[getFormattedValueElse(resultProtNeedCI, '$0')]}

Funeral Costs

{[getFormattedElseNoRoundUpNegative(resultFuneralMort)]}

{[getFormattedElseNoRoundUpNegative(resultFuneralCI)]}

Unpaid Services

{[getFormattedElseNoRoundUpNegative(resultUnpaidSvcsMort)]}

{[getFormattedElseNoRoundUpNegative(resultUnpaidSvcsCI)]}

Children's Needs

{[getFormattedElseNoRoundUpNegative(resultChildMortCI)]}

Other Dependants' Needs

{[getFormattedElseNoRoundUpNegative(resultEldMortCI)]}

Outstanding Loans

{[getFormattedElseNoRoundUpNegative(resultLoansMort)]}

{[getFormattedElseNoRoundUpNegative(resultLoansCI)]}

Rent

{[getFormattedElseNoRoundUpNegative(resultRentMort)]}

{[getFormattedElseNoRoundUpNegative(resultRentCI)]}

Future Household Expenses

{[getFormattedElseNoRoundUpNegative(resultHHExpMort)]}

{[getFormattedElseNoRoundUpNegative(resultHHExpCI)]}

Less: Spouse's Income

-{[getFormattedElseNoRoundUpNegative(resultSpouseIncMort)]}

{[getFormattedElseNoRoundUpNegative(resultSpouseIncMort)]}

-{[getFormattedElseNoRoundUpNegative(resultSpouseIncCI)]}

{[getFormattedElseNoRoundUpNegative(resultSpouseIncCI)]}

Financial Resources

{[getFormattedValueElse(resultResAvailMort, '$0')]}

{[getFormattedValueElse(resultResAvailCI, '$0')]}

CPF and Other Savings

{[getFormattedElseNoRoundUpNegative(resultCPFMort + resultOtherSvgMort)]}

{[getFormattedElseNoRoundUpNegative(resultCPFCI + resultOtherSvgCI)]}

Insurance Coverage

{[getFormattedElseNoRoundUpNegative(resultInsMort)]}

{[getFormattedElseNoRoundUpNegative(resultInsCI)]}

Other Financial Resources

{[getFormattedElseNoRoundUpNegative(resultOthResourcesAvail)]}

Protection Gap

{[getFormattedValueElse(resultProtGapMort, 'S$0')]}

{[getFormattedValueElse(resultProtGapCI, 'S$0')]}

The total values generated here may not add up due to the rounding of the values captured in the various steps of this calculator

Please click here to learn about the assumptions and caveats that have been applied to this calculator.

PLEASE TAKE THE NECESSARY ACTIONS TODAY TO MANAGE YOUR PROTECTION GAP, IF ANY

As one ages, the value of insurance premiums payable will become more expensive
As one ages, one will also be susceptible to contracting health conditions; Prevailing health conditions may be excluded at the time of insurance applications, which means that claims resulting from such prevailing health conditions will not be paid

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To retain a copy of these results, please download them; These results will be lost should you decide to start over with this calculator

Your Protection Gap:

All figures are rounded off.

All figures are calculated using assumptions appropriate for your profile.

{[getFormattedValue(resultProtGapMort)]}

Mortality Coverage

{[getFormattedValue(resultProtGapCI)]}

Critical Illness Coverage

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HOW WELL PROTECTED ARE YOU?

{[stepTitle[1]]}

Total number of dependent children: {[numChildrenAll]}

{[stepTitle[2]]}

{[stepTitle[3]]}

{[stepTitle[4]]}

Mortality Coverage

Critical Illness Coverage

Protection Gap

{[getFormattedValueElse(resultProtGapMort, '$0')]}

{[getFormattedValueElse(resultProtGapCI, '$0')]}

100%

100%

Protection Gap

Financial Resources

Total Protection Needs

{[getFormattedValueElse(resultProtNeedMort, '$0')]}

{[getFormattedValueElse(resultProtNeedCI, '$0')]}

Funeral Costs

Unpaid Services

Children's Needs

Other Dependants' Needs

Outstanding Loans

Rent

Future Household Expenses

Less: Spouse's Income

Financial Resources

{[getFormattedValueElse(resultResAvailMort, '$0')]}

{[getFormattedValueElse(resultResAvailCI, '$0')]}

CPF and Other Savings

Insurance Coverage

Other Financial Resources

Protection Gap

{[getFormattedValueElse(resultProtGapMort, 'S$0')]}

{[getFormattedValueElse(resultProtGapCI, 'S$0')]}

PLEASE TAKE THE NECESSARY ACTIONS TODAY TO MANAGE YOUR PROTECTION GAP, IF ANY

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Your Protection Gap:

{[getFormattedValue(resultProtGapMort)]}

{[getFormattedValue(resultProtGapCI)]}