Quick Answer
Start by listing who depends on your income, your debts and your current policies before comparing sums assured or premiums. A life-cover gap is only one part of checking your household’s protection. Life, disability, critical-illness and medical insurance cover different events. The Coverage Gap example’s S$440,000 is a starting point for discussion, not a recommendation.
The Key Point: A life-cover gap is only one part of checking how well your household is protected.
What Should You List Before Comparing Policies?
List who depends on your income, your debts and your current policies. Life, disability, critical-illness and medical insurance cover different events and pay out on different terms, so a big number on one policy does not mean another risk is covered. Keep schedules, expiry dates and exclusions next to the sums assured.
What Does A Cover Gap Tell You?
The Coverage Gap example finds a modelled gap of S$440,000 on S$1.04 million of listed needs. That is not advice to buy S$440,000 of cover: income replacement can overlap with mortgage and education amounts, and survivor income, inflation and estate timing are not modelled.
How Do You Check Payouts And Premiums?
Check who would receive each benefit, when they could get it and whether the event is covered. Keep an emergency buffer: a future claim cannot replace cash you can use today. Budget for premiums over the whole cover period.
Why Check Before Replacing A Policy?
Take your policies and family needs to a qualified adviser, and do not cancel insurance based only on a calculator. New cover can mean fresh underwriting, waiting periods and exclusions. Review after big changes in dependants, debts or work.
Quick Check
Three statements from this guide. Tap True or False to check what you have read. Nothing is saved.
Card 1 Of 3
A large life-cover sum assured also protects you against critical illness.
Why?
Life, disability, critical-illness and medical insurance pay out on different terms. A big number on one policy does not mean another risk is covered.
Card 2 Of 3
The Coverage Gap example’s S$440,000 is a starting point for discussion, not advice to buy that much cover.
Why?
Survivor income, inflation and estate timing are not modelled either. Take your list of policies and family needs to a qualified adviser.
Card 3 Of 3
Having insurance means you no longer need an emergency buffer.
Why?
Check who would receive each benefit, when they could get it and whether the event is covered. Keep an emergency buffer for immediate costs.
Your Score
Start With Your Numbers
Try the calculator with your own numbers. The guides linked in each section explain the details.
Check Your Life-Cover Gap →Frequently Asked Questions
Is Life Insurance The Same As Critical Illness Or Disability Cover?
No.
Life, disability, critical-illness and medical insurance cover different events and pay out on different terms. A big number on one policy does not mean another risk is covered. Keep policy schedules, expiry dates and exclusions next to the sums assured.
Does A S$440,000 Gap Mean I Need S$440,000 Of Cover?
No.
The Coverage Gap example is a starting point for discussion, not advice to buy S$440,000. Full income replacement can overlap with separate mortgage and education amounts. Survivor income, inflation and estate timing are not modelled.
Why Keep An Emergency Buffer If I Have Insurance?
A future claim cannot replace cash you can use today.
Check who would receive each benefit, when they could get it and whether the event is covered. Keep an emergency buffer for immediate costs.
When Should I Review My Insurance?
Review again after big changes in dependants, debts or work.
Take your list of policies and family needs to a qualified adviser. Do not cancel insurance based only on a calculator. New cover can mean fresh underwriting, waiting periods and exclusions.
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Sources & Assumptions
Sources checked 11 September 2026. These are examples only. Check the stated assumptions and limits before you use a result.
A general checklist, not a policy recommendation. The site only models a life-cover gap, not your full insurance needs.