Insurance
Coverage basics, a rough needs estimate, and a document checklist.
Sample Community Church · Atlanta, GA
Coverage types
What each type of coverage protects.
Health
Covers medical costs; protects against catastrophic bills.
Auto
Required in most states if you drive; covers liability and damage.
Renters / Homeowners
Covers your belongings and liability where you live.
Life
Replaces income for dependents if you pass away.
Disability
Replaces a portion of income if you can't work due to illness/injury.
Needs estimator
A simplified, educational rule-of-thumb estimate. Not a substitute for advice from a licensed insurance professional.
Estimated life insurance need
$53,760
Rough estimate: ~70% of annual income × dependents.
Estimated coverage gap
At risk$53,760
Existing coverage subtracted from estimated need.
Coverage-gap summary
- Gap No renters or homeowners policy on file.
- Gap Estimated life insurance gap of $53,760 for 2 dependent(s).
Document checklist
Track which insurance documents you have on hand.