Sources & Methodology
Source-guided scoring for educational use
This page explains where each benchmark comes from, which items rely on public references, and which items are internal educational assumptions.
Short disclaimer
This tool provides a general educational estimate based on user-provided information and public financial planning benchmarks. It does not constitute financial advice, product recommendation, or confirmation of suitability. Please speak with a licensed financial adviser representative before making any insurance decision.
Source table
| Scoring Area | Formula / Benchmark Used | Source Type | Source / Reference | Notes |
|---|---|---|---|---|
| Life coverage | 9 × annual income, plus an educational dependant estimate | Official benchmark | MoneySense / MAS Basic Financial Planning Guide, LIA recommendation Open reference | 9x annual income is the general benchmark. Any dependant adjustment for children or parents is an educational estimate only, as MAS / MoneySense / LIA do not prescribe a fixed amount per dependant. Not personalized advice. |
| TPD coverage | 9 × annual income | Official benchmark | MoneySense / MAS Basic Financial Planning Guide, LIA recommendation Open reference | Used as a general benchmark, not personalized advice. |
| Critical Illness coverage | 4 × annual income | Official benchmark | MoneySense / MAS Basic Financial Planning Guide, LIA recommendation Open reference | Used as a general benchmark, not personalized advice. |
| Premium affordability | Up to 15% of take-home pay | Official benchmark | MoneySense / MAS Basic Financial Planning Guide Open reference | Affordability benchmark only. It is not a product recommendation. |
| Hospitalisation assessment | Coverage level versus preferred ward type | Public scheme reference | MOH MediShield Life, CPF, Integrated Shield Plan information Open reference | No single official formula. Score uses current hospital coverage level and preferred ward type. |
| Long-term care assessment | CareShield Life payout plus private supplement | Public scheme reference | CPF CareShield Life Open reference | Score estimates monthly care funding gap after adding CareShield Life and reported supplements. |
| Retirement readiness | Projected monthly retirement income versus desired monthly retirement expense | Public scheme reference | CPF LIFE / CPF Retirement Payout Planner Open reference | Score compares expected retirement income against desired retirement spending level. |
| Early Critical Illness | Internal benchmark: 50% of CI target | Internal educational assumption | MoneySense Critical Illness Insurance guidance (no official formula) Open reference | Used only as a recovery support estimate for education. It is not an official formula. |
| Personal Accident | Coverage presence and amount review only | Internal educational assumption | MoneySense Assessing Your Insurance Needs guidance (no official formula) Open reference | Used for educational assessment of accident support only. It is not an official formula. |
Official / public links
Methodology version: SG-Methodology-v2.0
Last reviewed date: 27 May 2026
Benchmarks may be updated when public references change.