Protection Map sample — The Smiths, age 35, after closing the gaps, from Financial Risk Partners.
Sample Protection Map ·
After: Gaps Closed ·
Summary Guide ·
Full Report ·
← Back to Protection MapIn this example, 1 result still shows a gap: Jill's Ability to Earn. Disability coverage is generally limited (about 70% of take-home pay), so the rest — $1,925 a month for Jill — 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: Joe's and Jill'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 65, it would cost about $729,764 in that year's dollars, so the benefit covers $500,000 of it and $229,764 is left to fund for each. The later care is needed, the larger the cost grows against a benefit that stays the same.
← Back to Ability to EarnAbility to Earn
What if…If Jill could go back to work after 1 year
$0
Jill — the gap, in today's dollars
This is only a what-if. Your result below hasn't changed.
Your result
$184,125
Jill — the gap, in today's dollars
Your result assumes Jill could not work again before age 65.
There would be no gap instead of $184,125.
Return to your result