Insurance is the planning module that advisors either obsess over or skip entirely. I think the right approach is somewhere in the middle: systematic, but not slow.
The insurance tab in Kerdora gives you a consolidated view of every policy your client has, calculates where the gaps are, and lets you note changes. The goal isn't to become an insurance expert. It's to make sure your client isn't exposed in a way that could blow up everything else you've planned.
How I think about it
Every insurance type in Kerdora follows the same logic:
What do they have? — the policies on file, with the details that matter
What do they need? — a coverage target, either calculated or set manually
What's the gap? — and what should they do about it?
That third question maps to a strategy: Insurance (buy or keep a policy), Self Fund (they can absorb the risk themselves), Blend (some insurance, some self-funding), or None (the risk doesn't apply).
And the coverage status tells you where things stand: Good, Needs Change, None, Not Applicable, or Under Review. Kerdora can derive this automatically based on the gap between current coverage and the calculated target, or you can set it manually.
The calculators
Four of the seven insurance types have built-in calculators:
Life — three methods to estimate how much coverage they need (Human Life Value, Income-Expenses Hybrid, Needs-Based)
Disability — calculates target monthly benefit based on income and a coverage percentage
Homeowners — calculates target dwelling coverage as a percentage of property value
Liability — calculates recommended coverage based on net worth
The other three (Auto, Health, Long-Term Care) don't have calculators. Coverage decisions for those depend more on the client's situation than a formula, so you set the coverage status and strategy manually.
Every calculator pre-fills what it can from data already in Kerdora (income, assets, property values). You can override any number.
The seven types
Each type has its own article that goes deeper, but here's the quick map:
Life — death benefit coverage. Who depends on this person's income?
Disability — income replacement if they can't work.
Homeowners — dwelling and personal property protection.
Liability — personal, professional, and umbrella coverage.
Auto — bodily injury, property damage, deductibles.
Health — deductibles, out-of-pocket max, HDHP/HSA eligibility.
Long-Term Care — daily benefit, benefit period, inflation protection.
How it connects to changes
As you work through each insurance type, you're identifying changes. Maybe they need more life insurance. Maybe their disability policy is group-only and they should have an individual supplement. Maybe their umbrella doesn't match their net worth.
Each gap becomes a change to note. That's the whole point of planning in Kerdora: identify what needs to change, then tell the client what to do next.