★ Financial Needs Analysis

Your Client's Complete
Financial Picture

A comprehensive tool to identify protection gaps, retirement readiness, and income replacement needs — complete with provider recommendations and reports.

1
Enter client details
2
Input current coverage
3
Select financial goals
4
Review analysis & download report
Life Insurance
Disability
Long-Term Care
Financial Goals?Select the areas you want to analyze for this client. Only selected goals will appear in the Gap Analysis results and the downloadable report.
Select all that apply to your client
Client Profile?Basic information about your client and their household, used to personalize the analysis and determine ages for calculations like retirement timeline and dependent coverage.
Basic personal & household information
Just Me
Me & My Partner
Partner Information
$
Feeds into the household income shortage calculation in Section B
Children
Life Insurance, Education Fund, Emergency Fund, Disability Income
#NameAgeGender
No children added yet.
Adult Dependents
Life Insurance, Emergency Fund, Disability Income
#NameAgeRelationship
No adult dependents added yet.
Section A — Debts & Expenses?How much money your loved ones would need to cover debts, the mortgage, final costs, and dependent care if something happened to the client today. These are one-time, lump-sum amounts added directly to the Life Insurance need.
How much to cover your debts and expenses?
$
Remaining mortgage balance to be paid off
$
Credit cards, lines of credit, car loans, etc.
$
Funeral & burial costs — typically $10,000–$20,000
$
Estate costs, bequests, other lump sums
Section B — Income Shortage?How much income your family would need if you die, and how big a fund is needed to provide that income for the years it's needed.
How much income will your family need if you die?
$
$
Rental, investment income
$
$
%
Section C — Assets & Existing Insurance?What your client already has in place — existing life insurance, savings, and investments. These are subtracted from the calculated need to determine the coverage gap.
Do you have assets and existing insurance?
$
$
$
Traditional, Roth, SEP, SIMPLE IRA
$
$
$
Planning Assumptions?These sliders adjust the underlying math for every calculation: how much income to replace, expected investment growth, inflation, and how many years of protection are needed.
Adjust for your client's scenario
70%
1%100%
5%
1%10%
3%
1%6%
20 yrs
1 yr40 yrs
Section A — Current Income?Disability insurance typically replaces a percentage of gross income, up to a carrier maximum. This sets the benchmark for what coverage could be available.
What is your current income?
$
Defaults to Annual Gross Income from the Life tab
60%
40%70%
Section B — Monthly Expenses?If income stopped due to a disability, these are the monthly expenses that would still need to be paid. This sets the income replacement target.
What monthly expenses would continue if you couldn't work?
$
Defaults to Monthly Mortgage/Rent from the Life tab
$
$
$
Section C — Existing Coverage & Other Income?Disability income you already have in place, plus any other household income that would continue. These offset the monthly need calculated in Section B.
Do you have existing disability coverage or other income?
$
Defaults to Existing Disability Income from the Life tab
$
Section A — Monthly Care Need?The estimated monthly cost of long-term care based on care type and location. National averages for 2025: Home Care aide $25–$35/hr, Assisted Living $4,500–$6,500/mo, Nursing Facility (semi-private) $8,000–$10,000/mo. Costs vary significantly by state.
Estimated monthly long-term care costs
$
Adjust for client's state & market
%
LTC costs historically increase 4–5%/yr
Average first LTC claim at age 78
📌

2025 US National Averages: Home Health Aide $5,148/mo • Assisted Living $5,350/mo • Nursing Facility (semi-private) $9,733/mo • Memory Care $6,935/mo. Source: Genworth Cost of Care Survey 2024.

Section B — Existing Coverage & Resources?What LTC coverage and resources does your client already have? These offset the calculated monthly care need.
What offsets the LTC need?
$
$
$
$
Medicaid note: Medicaid only covers LTC after the client has depleted nearly all personal assets (typically below $2,000). It is not a viable LTC funding strategy for clients with significant assets to protect.

🍁 Gap Analysis Results

Updates automatically as you enter data

Client
Total Household Income
$0
Gross annual
Life Insurance Need
$0
Income replacement + debts + dependents
Current:$0

Overall Coverage Score

Financial protection coverage
0%

This tool provides a general estimate for educational purposes only and does not constitute financial, tax, or legal advice. Results are illustrative and based on assumptions. Consult a licensed financial advisor.