Life Insurance — Critical gap: $722,306

Your family's financial security has a $722,306 gap. They would need $1,302,306 if you were gone — but only $580,000 is covered today (45%). This is the single most important action item in your plan. Term life insurance is affordable and bridges the gap until your assets can self-insure.

When Can You Drop Coverage?

As your assets grow, your family's dependence on insurance shrinks. This chart shows when your savings can self-insure.

Need Category	Amount
Final Expenses	$243,800
Education Costs	$274,914
Income Replacement	$783,592
Total Need	$1,302,306
Current Coverage	$580,000
Coverage Gap	$722,306
Recommended Policy Type	Universal Life
Estimated Annual Premium	$29,682/yr

Why term insurance? Your need for coverage decreases as your retirement savings grow. A 20-year level term policy provides maximum coverage during your peak earning years, then you can reassess when your assets can self-insure.

Recommended Action: Buy $722,306 in Universal Life life insurance (~$29,682/yr).