Protection Map sample — The Millers, age 45, after closing the gaps, from Financial Risk Partners. Sample Protection Map · After: Gaps Closed · Summary Guide · Full Report · ← Back to Protection Map
In this example, 1 result still shows a gap: Holly's Ability to Earn. Disability coverage is generally limited (about 70% of take-home pay), so the rest — $1,400 a month for Holly — would come from savings and cash or lower spending. Every other gap is closed. Extended Care is covered today, but a gap can open later: Steve's and Holly's $500,000 long-term care benefits are each a fixed amount, while care costs are expected to rise 4% a year. If care were needed at age 80, it would cost about $887,870 in that year's dollars, so the benefit covers $500,000 of it and $387,870 is left to fund for each. The later care is needed, the larger the cost grows against a benefit that stays the same.
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Ability to Earn

What if…

If Steve worked half time to help care for Holly

$848,500

Holly — the gap, in today's dollars

This is only a what-if. Your result below hasn't changed.

Your result

$87,700

Holly — the gap, in today's dollars

Your result assumes Steve keeps working as now.

The gap would be $848,500 instead of $87,700.

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