Insurance needs estimates
Illustrate a protection gap without exposing a real client file
This page shows how an advisor can document existing coverage, estimated needs, and review notes from a representative case to frame a protection-gap discussion.
Estimates and illustrations are computed using published CRA and Revenu Québec rules and parameters (2026). · Last updated 2026-06-18
Example scenario
The example household wants to know whether its current life insurance is enough to cover the mortgage balance, the children's needs, and the survivor's cash flow if one income is lost.
Workflow steps
- Document the existing policy coverage and beneficiaries.
- Compare debts, income replacement, and education funding to estimate the gap.
- Document review notes for a later needs-analysis discussion with the client.
Expected outcome
The advisor gets a clear protection-gap illustration to start the discussion, with no quote, rate, or underwriting involved.
FAQ
Does this page quote insurance?
No. It is a static needs illustration; it does not request rates, submit underwriting data, or select an insurer or product.
What are the limits, and can it explain a needs analysis?
It illustrates an estimated gap with representative, non-sensitive values to frame the discussion; the figures are estimates the advisor reviews, and any coverage decision requires a licensed insurance professional.
Related resources
This resource belongs to the Wealth and protection portrait group. Compare the neighbouring resources:
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