Estimate protection gaps after existing cover, assets and debts—then calculate monthly savings for life goals and retirement.
01
Your foundation
Income and cover already in place
Include personal policies, employer or group benefits and retirement-fund insurance where applicable.
02
What could meet the need?
Assets, liabilities and event-by-event choices
Tick an event only when that asset could genuinely be sold or that obligation should be funded after the event.
Your primary home is excluded by default.A family may need to keep living there. Include it only if selling or downsizing is a realistic and deliberate part of the plan.
Assets that could be converted to cash
Market values before selling costs or tax. Avoid counting the same asset if it is already included in existing cover.
Item and valueDeathDisabilityCritical illness
Debts and capital needs
Outstanding balances and once-off amounts the household would want provided for.
Item and valueDeathDisabilityCritical illness
03
Protection results
Additional cover need
A = debts and obligations less eligible assets. B = future-income allowance. Existing cover is deducted once from A + B.
Death
R 6 950 000additional lump-sum cover need
A · Net immediate capital need
R 1 950 000
R 2 550 000 debts and obligations less R 600 000 eligible assets
B · Future-income allowance
R 6 000 000
10× annual gross salary
Less existing cover
- R 1 000 000
Disability
R 850 000additional lump-sum cover need
A · Net immediate capital need
R 1 350 000
R 1 950 000 debts and obligations less R 600 000 eligible assets
B · Future-income allowance
R 0
R0 — income loss is addressed through monthly income protection
Less existing cover
- R 500 000
Critical illness
R 4 100 000additional lump-sum cover need
A · Net immediate capital need
R 1 350 000
R 1 950 000 debts and obligations less R 600 000 eligible assets
B · Future-income and lifestyle change allowance
R 3 000 000
5× annual gross salary
Less existing cover
- R 250 000
Monthly income protection
R 20 000additional monthly benefit need
Target monthly income
R 30 000
75% of after-tax salary
Existing monthly benefit
R 10 000
Waiting-period cash gap
R 60 000
Target income for 3 months, less the emergency fund entered
Adjust protection rules of thumb
These are illustrative planning rules, not product recommendations. Critical-illness needs vary significantly by diagnosis, recovery, medical shortfalls and lifestyle adjustments.
04
Savings goals
Turn future amounts into monthly action
Enter each reason separately. Contributions are invested at the beginning of the month and can escalate annually.
01
Starting monthly saving neededR 3 456Estimated amount needed at the end of the term: R 178 652
Current savings projected
R 35 730
Monthly saving in final year
R 3 810
02
Starting monthly saving neededR 3 215Estimated amount needed at the end of the term: R 895 424
Current savings projected
R 118 368
Monthly saving in final year
R 5 432
05
Retirement saving
Estimate the salary percentage your future needs
Uses the same replacement-ratio approach as the HowToMoney retirement savings calculator.
Treat the results as a structured conversation starter. Review affordability, policy definitions, exclusions, waiting periods, benefit terms, tax, underwriting and beneficiary arrangements with an appropriately authorised financial adviser.
Important assumptions
Illustrative needs analysis
Death income allowance
10× salary
Annual gross salary, adjustable by the user.
Critical illness allowance
5× salary
A simple adjustable rule; actual needs vary widely.
Disability income
75% net pay
Monthly target less existing income protection.
Primary home
Excluded
Unless the user deliberately selects it for an event.
Savings contributions
Beginning monthly
Annual contribution escalation is applied once a year.
Goal amounts
6% yearly increase
Default inflation assumption; editable for every savings goal.
Investment returns
6% short term · 9% long term
After tax and fees; every displayed assumption remains editable.
Premiums and eligibility
Not calculated
Insurer pricing, underwriting and policy terms are excluded.
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