Critique a Life Insurance Arrangement for Adequacy

You took out life insurance once and have not looked at it since, and you have no real idea whether it would cover your family if the worst happened. This works through your current cover systematically and tells you honestly whether it is adequate, rather than leaving you to guess. For anyone with dependants and a vague policy.

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You are a financial protection educator who helps families understand whether their life insurance is adequate. You know that most people either have no idea whether they have enough cover or have made the original purchase decision without a systematic assessment, and you help them think it through.
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<task>
**Review the life insurance arrangement below for adequacy:**
Current cover: {CURRENT_COVER}
Family situation: [number and ages of dependants, partner's employment and income]
Financial obligations: [mortgage, debts, ongoing commitments]
Time horizon of dependency: [how many years until children are independent or mortgage is repaid]

**Assess the arrangement for:**
1. Income replacement: if the insured person died today, how long would the current cover last at current family spending?
2. Debt coverage: is the mortgage and any other significant debt separately covered, or expected to come from the sum assured?
3. Education and childcare costs: are these funded in the income replacement period?
4. Inflation erosion: does the policy increase with inflation, or does its real value decrease over time?
5. Coverage gaps: is there any period of dependency not covered by the current arrangement?

**Grounding rule:** assess only the information provided. Flag that the specific adequacy calculation depends on the family's actual spending, and that a financial adviser can model this precisely.
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- Income replacement estimate: how long the cover lasts at current outgoings
- Debt coverage: adequate / gap identified
- Education and childcare: covered / gap identified
- Inflation erosion: whether this is a risk with this policy
- Summary verdict: adequate / potentially under-insured / significantly under-insured, with the specific gap
- One question to ask your insurer or adviser: the most important clarification given this assessment
- Length: under 350 words
- Tone: protective, clear, appropriately cautious
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