Insurance & Protection Tools
Family Protection Planner
Model a family's support gap using primary income dependency, partner income, dependants, childcare or care costs, liabilities, future goals, emergency reserves and existing protection.
Model the family's income gap and future obligations
Combine primary income dependency, partner income, dependants, childcare, debts, future goals and existing protection to see how the family's funding gap changes.
1. Household income
Estimate the annual income gap after considering income that could continue from a spouse or partner.
Income-gap formula: primary income × household dependency % − partner income × continuation %. Negative values are floored at zero.
2. Dependants and childcare
Model costs that may exist in addition to normal household income support.
3. Liabilities and future goals
Keep obligations separate so the family can challenge each assumption independently.
4. Existing protection
Deduct only protection and assets that would realistically be available to support the household.
Scenario range
Compare family protection scenarios
Transparent household breakdown
| Component | Amount | Treatment |
|---|---|---|
| Annual need from primary income | $59,500 | 70% of primary annual income. |
| Partner income contribution | −$35,000 | 100% of entered partner income is assumed to continue. |
| Income support | $367,500 | $24,500 annual gap × 15 years. |
| Childcare / care support | $48,000 | $8,000 × 6 years. |
| Liabilities | $180,000 | Added to core family obligations. |
| Emergency reserve | $25,000 | Added to core family obligations. |
| Education + other goals | $120,000 | Included in Balanced and Extended scenarios. |
| Existing protection / assets | −$190,000 | Deducted from family needs. |
What-if stress tests
These temporary scenarios do not change your saved inputs.
No partner income available
Models the balanced gap with partner income set to zero.
Balanced gap
$1,075,500
+5 years of family support
Income support horizon becomes 20 years.
Balanced gap
$673,000
Family planning estimate — not insurance advice
Household needs can change with employment, childcare, benefits, taxes, investment returns, inflation, health, debt repayment and local law. This workspace is designed to make assumptions visible, not to prescribe a policy or guarantee that a particular coverage amount is suitable.
Household-focused planning
Go beyond one person's salary
Family protection depends on more than the primary earner's income. Partner income, childcare needs, dependants, debts, future education and existing protection can all change the household funding gap. This workspace keeps those assumptions separate and visible.
Use scenario stress tests
See what changes the gap
The built-in what-if cards show how the Balanced scenario changes if partner income is unavailable or the support period extends by five years, without overwriting the plan you entered.
Frequently asked questions
How is the family income gap calculated?
The planner starts with the percentage of primary income the household depends on, then subtracts the entered share of partner income expected to continue. The remaining annual gap is multiplied by the selected support period.
Why is childcare separate from normal income support?
Some households may need additional childcare or care support that is not fully represented by normal household spending. Keeping it separate makes that assumption visible and editable.
What is the difference between Essential and Balanced?
Essential includes the modeled income gap, childcare/care, liabilities and emergency reserve after existing protection. Balanced also includes education and other future goals. Extended adds a 15% planning buffer to Balanced.
Does the planner tell me how much life insurance to buy?
No. It produces planning scenarios from the assumptions you enter. It does not recommend a policy, insurer or final coverage amount.
Should partner income always be deducted?
Not necessarily. The workspace lets you choose what percentage of partner income is expected to continue. Use assumptions that reflect the household's actual situation.
Can I save the family plan?
Yes. You can copy the summary, export CSV, print/save a PDF-style report, or save a local FormatForge project file and load it later.
Insurance planning workflow
Compare family needs with a term insurance estimate
Use this family-focused model to understand household assumptions, then use the Term Insurance Needs Planner when you want a simpler protection-range view.