Existing life cover funding gap

How to use this calculator

1. Enter independently estimated funding target. Use the unit shown beside the field.
2. Enter existing life cover. Use the unit shown beside the field.
3. Enter other available assets. Use the unit shown beside the field.
4. Select Calculate and review the result. Select Reset to restore the example inputs.

How the calculation works

max(0,Independently estimated funding target-Existing life cover-Other available assets)

Worked example

Independently estimated funding target = 300000; Existing life cover = 100000; Other available assets = 50000. Result: 150000.

Understand your result

Calculate the amount of an entered funding target not met by existing resources. The result is expressed in the same currency or unit as the monetary inputs.

Assumptions and limitations

Does not recommend a cover amount or check whether resources are available when needed. Results are rounded for display.

Questions about this tool