Category Metric (What you need) Actual (What you have) Recommendation Cost to Implement Life Insurance 10x Annual Income $500,000 Increase to $1,000,000 $50/month Health Insurance Comprehensive Coverage Employer Provided N/A (Sufficient Coverage) N/A Disability Insurance 60-70% of Income Provided by Employer Supplement with Private Plan $100/month Long-Term Care Insurance Coverage for LTC Costs None Purchase Policy $200/month Property Insurance - Home Replacement Value $250,000 Review and Update Coverage N/A Property Insurance - Auto Comprehensive Coverage Basic Coverage Upgrade to Comprehensive $20/month Property Insurance - Other Coverage for Assets None Consider Policies Varies Personal Liability Umbrella Policy (PLUP) 1-2x Net Worth $1,000,000 Increase to $2,000,000 $150/year Net Cost Change Annually: $2,840 Life insurance coverage should be adequate to replace lost Income and provide for dependents in the event of premature death. Disability Insurance will cover a considerable portion of Income to maintain the household's financial stability in case of disability. Long-term care insurance is crucial to mitigate the potentially high costs of long-term care services in the future. Property insurance coverage should be reviewed periodically to ensure it reflects the current value of assets and potential risks. Personal liability umbrella policy should cover at least