Asset & Income Protection Calculator

Evaluate your Auto, Home, Life, and Disability coverage in one place. Use our interactive calculator to identify personal asset protection limits, calculate coverage targets, and safeguard your monthly income. Aligning your policy limits with your true financial footprint prevents costly coverage gaps before a crisis hits.

1. Your Personal Assets
Estimated home market value minus remaining mortgage balance.
$
Non-retirement liquid accounts exposed to civil judgements.
$
Secondary properties, unencumbered vehicles, or valuable personal assets.
$
2. Your Current Liability Policy
Liability Exposure Summary
Total Exposed Net Worth: $0
Selected Insurance Cap: $100,000
Net Asset Exposure: $0
Your liability policy limits are sufficient to cover your estimated assets.
1. Future Obligations & Debt
Your current pre-tax annual income.
$
Number of years until dependents are financially independent or retired.
Total payoff amount for home mortgage, car loans, and credit cards.
$
Estimated costs for children's education and funeral/administrative expenses.
$
2. Existing Assets & Policies
Existing savings, brokerage funds, or active group term life insurance policies.
$
Life Insurance Need Summary
Income Replacement Needs: $0
Debts & Future Obligations: $25,000
Existing Assets & Coverage: $0
Suggested Life Coverage Need: $25,000
Recommended term policy amount to secure your family's future standard of living.
1. Monthly Income & Expenses
Your total monthly salary/earnings before taxes.
$
Mortgage/rent, utilities, groceries, health insurance, minimum debt payments.
$
2. Existing Monthly Benefit
Monthly payout from existing short-term or long-term group policies.
$
Disability Protection Summary
Max Insurable Target (60% Income): $0
Essential Monthly Expenses: $0
Existing Monthly Benefit: $0
Monthly Income Gap: $0
Your current income replacement plan meets or exceeds your monthly essential expense targets.

1. Auto & Homeowners Insurance (Liability Coverage)

When More Coverage Is Needed: You need higher liability protection whenever your total net worth (home equity, non-retirement savings, taxable investments, and secondary properties) exceeds the max payout cap on your auto or home policies. In a major lawsuit resulting from a severe car crash or an injury on your property, a court judgment can target your personal savings and property if your policy limits fall short.

Which Policy Type Works Best:

  • For Assets Under $300,000–$500,000: Higher Underlying Base Limits. Call your carrier to raise your auto liability split limits (e.g., from 100/300 to 250/500) and increase your homeowners personal liability cap (e.g., up to $500,000).
  • For Assets Over $300,000–$500,000: Personal Umbrella Insurance. Base auto and homeowners policies usually cap liability coverage at $500,000. To protect assets above this threshold, you bump your auto/home policies to the carrier’s required underlying limit (typically $250k or $500k) and stack a $1 Million+ Umbrella policy on top.

2. Life Insurance (Income & Debt Replacement)

When More Coverage Is Needed: You need additional life coverage whenever your total financial obligations exceed your liquid family savings and active life policies. Trigger events include taking on a new mortgage, having children, co-signing large loans, or earning a higher salary that your family relies on to maintain their lifestyle.

Which Policy Type Works Best:

  • Level Term Life Insurance (Best for Most Families): Provides a fixed payout for a set timeframe (10, 20, or 30 years) to cover high-obligation years—like paying off a 30-year mortgage or raising kids through college. It offers the highest payout for the lowest monthly premium.
  • Supplemental Term Policy ("Laddering"): If you already have some coverage (such as a baseline policy through your employer), you don’t need to replace it. You simply buy an additional private term policy to stack alongside it to cover the gap.
  • Permanent/Whole Life Insurance: Reserved for niche situations, such as lifelong dependents with special needs, estate tax planning, or high-net-worth wealth transfer strategies.

3. Disability Insurance (Income Protection)

When More Coverage Is Needed: You need higher disability coverage whenever your non-negotiable monthly expenses (rent/mortgage, utilities, debt payments, groceries) exceed what your existing benefits pay if you become sick or injured and cannot work.

Which Policy Type Works Best:

  • Supplemental Individual Long-Term Disability (LTD): Most employer-provided group disability plans only cover 50%–60% of your base salary, cap monthly payouts, and count benefits as taxable income if the employer pays the premium. Adding a privately owned, individual LTD policy bridges the gap up to ~70%–80% of total take-home pay. Private individual policies are portable (they stay with you if you change jobs) and payouts are tax-free when paid with after-tax dollars.
  • Short-Term Disability (STD): Designed for temporary medical leaves (typically 3 to 6 months). For long-term protection, focus on securing adequate Long-Term Disability limits instead.