Life/TPD needs guide
How much life insurance do I need in Singapore?
Build a household-support and obligations scenario, then deduct only resources you have confirmed and intend to use.Open coverage-gap calculator →Four parts of a needs scenario
- Household support
Essential annual spending less expected continuing income, projected across the selected years.
- Existing obligations
May include a mortgage, other debts, education and selected one-off expenses.
- Confirmed cover
Enter existing Life/TPD cover, employer benefits and verified DPS.
- Explicitly selected resources
Liquid assets are deducted only when you explicitly select them.
How the calculation works
annual support need = max(0, essential annual spending − continuing income)coverage gap = max(0, gross obligations − confirmed resources)At a 0% real discount rate, support present value equals annual support need multiplied by years; otherwise the engine uses an annuity present value.
How to read the 9× income benchmark
The MoneySense Basic Financial Planning Guide lists 9× annual income as a rule of thumb for death and total permanent disability protection. Interest.sg shows it in a dated comparison card; it is never added to, averaged with or substituted for your needs result.
Verify before entering
- Current sums assured and covered events in each policy
- Whether employer benefits continue and when they pay
- Whether DPS is active and the actual sum assured
- Which cash or assets the household must retain