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What's Your Income Protection Gap?

Most Ontario families are one accident or illness away from financial crisis. You might not be as covered as you think you are—see exactly how long your savings will last.

3-6
Months Average Savings
55%
ODSP Approval Rate
4-6
Months Wait for ODSP

*(ODSP) Ontario Disability Support Program: Not a private insurance product, but rather a provincial social assistance program designed to provide income and employment support for adults with disabilities who are in financial need.

Income Protection Gap Calculator

Get clarity on your real protection gap—no surprises, no fine print

1 Income
2 Expenses
3 Savings
4 Results

Your Total Income Picture

Let's capture your complete income—because most coverage misses what matters most.

Most people think they're covered—until it's too late
Many employer plans, union benefits, and group policies don't cover overtime, side jobs, or commission income. If you can't work, that income simply stops—no matter what your policy says.
$
Your guaranteed monthly pay before deductions
$
Average monthly overtime pay (often NOT covered by disability)
$
Uber, DoorDash, freelance, second job, etc.
$
Monthly benefit from employer or personal policy
Short-term disability
Long-term disability
Critical illness
None / Not sure

Your Monthly Expenses

These costs don't stop when your paycheque does. Let's see what you're really protecting.

$
$
$
$
$
Car, home, health insurance, etc.
$
Childcare, loans, medical, etc.

Your Emergency Savings

How much do you have saved that you could access in an emergency?

$15,000
$0 $25K $50K $75K $100K+
#
Number of people depending on your income
$
Monthly income that would continue

Analyzing your income protection gap...

2.3
Months of Runway

Your family could survive less than 3 months without income. This puts you at high risk.

Your Financial Runway

0 Today
3 Months
6 Months
12 Months

Monthly Expenses

$4,000

Essential costs that continue if you can't work

Total Monthly Income

$5,000

Including base pay, overtime & side income

Monthly Income Gap

$4,000

The shortfall you'd need to cover each month

Current Coverage

$0

Your existing monthly protection

What About ODSP (Ontario Disability Support)?

ODSP Maximum (Single)
$1,408/mo
Your Monthly Expenses
$4,000/mo
ODSP Coverage
35%
Monthly Shortfall
-$2,592
The harsh reality: ODSP has a 4-6 month application and approval process with only a 55% approval rate. Even if you're approved, benefits don't start immediately. While you wait, your bills don't stop.
What happens during the 4-6 month ODSP wait?
  • Your mortgage/rent is still due every month
  • Utilities, food, and transportation costs continue
  • Your savings drain faster than you expect
  • No income means no way to catch up later
  • 45% of applicants are denied and receive nothing

There Are Solutions That Actually Work

I've spent years helping Ontario families protect their income from accidents and illness. I know what works, what doesn't, and what most people miss in their coverage.

⏰ Limited Availability: I only take 8 new consultations per month to give proper attention to each family. Book now to secure your spot this month.

✓ Helped 47+ GTA families close their protection gaps in 2024

No-pressure conversation Plain-language answers Coverage that fits your reality

Your coverage looks solid. Let's keep it that way.

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Questions? Call (647) 770-1030 or visit mikkellkhan.com | Living Benefits

This calculator provides estimates for educational purposes only. Actual coverage needs may vary. Consult with a licensed insurance professional for personalized advice. ODSP rates as of 2025.