Insurance Coverage
Your protection status at a glance.
Life Insurance
$1.5M coverage
Adequate for income replacement + mortgage
Disability
$5,000/mo
Consider increasing to 70% of pre-disability income
Critical Illness
None
Gap identified — recommend $250K CI policy
Key Person
$2M coverage
Corporate-owned, tax-efficient CDA credit
Buy-Sell Funding
Funded
Cross-purchase agreement in place
Long-Term Care
Not yet
Consider at age 55+ for estate preservation
Insurance Gap Analysis
Critical Illness — High Priority
No CI coverage in place. A $250,000 critical illness policy would protect against cancer, heart attack, or stroke. Estimated premium: $180/month at current age. Tax-free payout. Discuss with Moe at your next review.
Disability — Moderate Priority
Current $5,000/mo own-occupation coverage replaces ~55% of income. Recommend increasing to $6,500/mo (70% replacement ratio) for adequate protection. Additional cost: ~$45/month.