My Insurance Gap
Four quick questions tell us how much cover your family would need if you passed away, became disabled or fell seriously ill — and how much of that you already have. Have your policy schedules or benefit statement close by.
How old are you?
What's your gross monthly salary?
We'll work out your take-home pay using SARS's 2026/27 tax tables.
Who depends on your income?
Enter 0 if no children depend on you. You can add a spouse or parents you support on the next screen.
How much cover do you already have?
Add up every policy, including group life cover through your employer.
0 is fine if you don't have any, or aren't sure.
Everything you enter here stays in your browser.
Your family's total protection gap
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Step 1 — What should your cover protect?
Pick the standard of living you'd want your family to keep if your income stopped.
Step 2 — Your details
Step 2 — Your details
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Your family
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What you owe and own
Vehicle finance, personal loans, credit cards.
RA, pension or provident fund. Paid to your dependants if you pass away.
Cover you already have
Also called dread disease or critical illness cover.
Monthly benefit that would pay while you can't work.
Assumptions
A rough allowance for remaining school fees and a three-year degree.
Home and vehicle modifications, care and medical costs medical aid won't pay.
Disability cover replaces income up to this age.
A payout is assumed to be invested and drawn down to replace your income, with each month's income rising with inflation. We use a cautious CPI+3%, in line with a defensive portfolio, because your family can't afford to take big risks with this money.
Step 3 — Your cover, side by side
Top up what you have, add the benefits you're missing, or ask an advisor to review everything. Cover is cheaper the younger and healthier you are when you take it.
If you passed away
Life coverHow we worked this out
If you became permanently disabled
DisabilityHow we worked this out
If you were diagnosed with a severe illness
Severe illnessIf you couldn't work for a while
Income protectionMost insurers limit this benefit to around 75% of gross income or 100% of take-home pay. Income protection you hold is already counted in the disability figures to its left.
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Want to close this gap? Tell Southern Charter what you'd like to change.