Insurance tool
Life insurance needs analysis
Needs-based death cover gap.
A needs-based death cover analysis: clear the debts, replace the income, fund education and final expenses, then subtract what the family would already have from existing cover, super and savings.
The output is the cover gap, with every component visible so the client can see exactly what the number protects.
What you see on screen
In the app this chart is live: every assumption is on screen, editable, and the projection moves as you change it.
Key inputs
- Outstanding debts to clear
- Annual income to replace, and for how many years
- Education costs per child
- Final expenses allowance
- Existing cover, super balances and liquid savings
What it reports
- Total capital needed, component by component
- Resources already in place
- The resulting cover gap (or surplus)
- How the gap changes as debts fall and children age
Insights it surfaces
Alongside the numbers, the tool writes plain-language findings you can carry straight into the conversation. Example wording, from sample figures:
Total needs of $1,730,000 against $880,000 of existing resources leave a cover gap of $850,000.
The gap falls by roughly $95,000 for each year the mortgage continues to be paid down on schedule.
Every tool, every time
Rates and thresholds come from the verified Australian rate set for the selected financial year. Every run can be saved as a scenario against the client, exported as a client-ready PDF or an Excel workbook with live formulas, and carried into an SOA or ROA. A methodology and audit PDF documents the calculation, and every output carries the compliance block.