Protection toolBased on income replacement years

Income Replacement Calculator

Estimate how much protection may be needed to replace household income, settle major liabilities, and support education goals if the main earner is no longer around.

Retirement calculator All calculators

Live presentation mode

Share the same calculator session to your prospect's phone while you present on iPad.

Start a session when you are ready to present. Only this presenter device can update the live numbers.

Protection needed

RM 1.6M

Protection gap

RM 1.3M

Monthly income

RM 10,000

Coverage ratio

19%

Planner Inputs

Adjust the main family obligations that should be covered if income stops unexpectedly.

Income assumptions

Current annual income (RM)

Income replacement years

Financial obligations

Total liabilities (RM)

Education fund needed (RM)

Existing life / takaful cover (RM)

Family protection snapshot

Estimated protection gap: RM 1,250,000

This estimate follows the same structure already used in your FNA workflow: annual income x replacement years, plus liabilities and education needs, minus existing life cover.

Existing cover

RM 300,000

already in force

Income replacement

RM 1.2M

10 years of income

Liabilities

RM 250,000

debt cancellation amount

Education reserve

RM 100,000

children's future needs

Coverage Breakdown

See which parts are driving the total protection requirement.

Planning Notes

Treat this as a starting estimate before a full FNA review.

Income multiplier

The replacement period reflects how long the family may need income support while adjusting financially.

Debt cancellation

Mortgage, personal loans, and other liabilities should usually be included so dependants are not burdened.

Existing cover matters

Include life and family takaful already owned so the gap reflects only what is still missing.