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 Map
In 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.
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Would refine several results

About how much a month would it cost to replace the childcare or household help Jill provides?

This would make your results for Loss of Life, Ability to Earn more accurate.

About how much other regular income comes in each month, besides pay?

This would make your results for Loss of Life, Ability to Earn more accurate.