Personal Finance Health Check

Insurance Review

Insurance Coverage Adequacy

Life Insurance: 10–15x annual income if dependents exist
Medical Insurance (Hospitalization & Surgical): Adequate coverage for potential hospitalization and surgical costs.
Critical Illness Coverage: Coverage of 3-5x annual income to cover living expenses during recovery from a major illness.
Disability Income Protection: Replaces a portion of income if unable to work
Personal Accident & Liability: Covers accidental injury/death and personal liability

Insurance Coverage Analysis

Important: Please review your insurance needs. 0/5 items covered

Key Performance Indicators

Net Worth

$0.00
Formula: Total Assets - Total Liabilities
Purpose: Measures overall financial position
Healthy Sign: Positive and growing
Total Assets: $0.00 Total Liabilities: $0.00

Savings Rate

N/A
Formula: (Monthly Savings ÷ Monthly Gross Income) × 100%
Purpose: Savings vs. income ratio
Healthy Sign: >= 20%
Monthly Savings: $0.00 Monthly Income: $0.00

Emergency Fund Coverage

N/A
Formula: Emergency Savings ÷ Monthly Expenses
Purpose: Months of expense coverage
Healthy Sign: 3-6 months
Emergency Savings: $0.00 Monthly Expenses: $0.00

Debt-to-Income Ratio

N/A
Formula: (Monthly Debt ÷ Gross Income) × 100%
Purpose: Debt burden assessment
Healthy Sign: <36%
Monthly Debt: $0.00 Gross Income: $0.00

Liquidity Ratio

N/A
Formula: Liquid Assets ÷ Monthly Expenses
Purpose: Short-term liquidity
Healthy Sign: 3-6 months
Liquid Assets: $0.00 Monthly Expenses: $0.00

Investment Ratio

N/A
Formula: (Investments ÷ Net Worth) × 100%
Purpose: Growth assets ratio
Healthy Sign: 30-70%
Investments: $0.00 Net Worth: $0.00

Retirement Readiness

N/A
Formula: (Current Savings ÷ Target Need) × 100%
Purpose: Retirement preparedness
Healthy Sign: >= 100%
Current Savings: $0.00 Target Need: $0.00

Budget Adherence

Yes
Formula: Income > Expenses
Purpose: Spending discipline
Healthy Sign: Yes
Selected: Yes
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