Turn a client profile (income, household, savings and existing coverage) into the protection gaps for income, savings and assets, and see which A&S products fit.
Monthly income need
—
Monthly income gap
—
Critical-illness gap
—
Care-cost runway
—
Which A&S products fit
How this works. A client profile drives three protection gaps. Income:
disability insurance replaces a share of earned income (the manual uses ~60%); a working spouse and any
existing coverage shrink the gap, mirroring the manual's own examples (a single earner of $60,000 needs
$3,000/mo; a dual-income couple may need only about $1,000/mo). Savings: a critical illness
creates lump-sum costs that can drain an emergency fund; critical-illness insurance defrays them.
Assets: long-term care costs threaten assets later in life, so the tool shows how many months
of care your savings could self-fund. Figures are simplified and illustrative.
Educational illustration of standard Canadian insurance concepts. Figures are illustrative, not an insurer’s rates.
Illustration only, not a quote or advice. Figures are simplified for education and do not
reflect any specific insurer's rates. Consult a licensed advisor.