Coverage Gap Calculator
Find out if you're under-insured. Calculate your total life insurance need and compare it to your existing coverage to reveal any gap.
Part of our Insurance Calculators collection.
Coverage Gap Calculator
Free online calculator
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Use the Life Insurance Need Calculator above
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Typically 1–2× salary
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Policies you own directly
Results update automatically as you type
How to Use This Calculator
- 1
Enter your personal details and financial information.
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See the estimated cost or coverage need instantly.
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Adjust inputs to compare different scenarios.
How This is Calculated
Coverage Gap = Total Need − (Employer Coverage + Personal Coverage) Note: Employer coverage is not portable — it ends if you leave the job. Recommendation: At least 50% of coverage should be personal, not employer.
Example Calculation
See your personalised estimate
Inputs
Result
Enter values above for your estimate
Results update as you enter your information.
Frequently Asked Questions
Why shouldn't I rely entirely on employer life insurance?
Employer group life ends when you leave the company — through resignation, layoff, or retirement. If your health has deteriorated, replacing it may be expensive or impossible. Personal coverage travels with you regardless of employment.
What is a good coverage ratio?
100% = fully covered. Below 75% means a significant gap. Below 50% means your family would face financial hardship. Aim for 100% before reducing premiums become a concern.