Life Insurance Calculator

How much life insurance do I need?

Our life insurance calculator is the easiest way to estimate how much cover you may need based on your current situation. Simply enter your details in the calculator below and click "Calculate".

Remember, this shouldn't be treated as advice. You will have to decide the level of cover and the type of policy that is right for your needs.

Life insurance explained

Life insurance can be a great way to help protect your family financially, should the worst happen. It is designed to pay out a cash sum if you die during the length of the policy, and can be used to help pay the mortgage or help protect the family's lifestyle and everyday living expenses. Our life insurance calculator helps you assess what level of cover would suit you.

How much is life insurance?

Your life insurance premiums depend on your own needs and circumstances. The information that we consider when calculating your premiums include:

  • your age
  • if the policy is in joint or single names
  • your health and lifestyle
  • the amount of cover you need
  • the length of the policy

Do I need life insurance?

If other people depend on you financially, then life insurance is definitely something you should consider. Anyone may have a need for life cover; for example, those with children, a mortgage to pay, or a partner, parent or relative who depend on your income.

To help you decide how much life insurance you need, you could consider the following:

  • How much would your family need to maintain their current lifestyles? 
  • If you want to specifically protect a mortgage, think about your mortgage amount.
  • If you have children, how much would they need to cover childcare costs or university fees?

Please remember that life insurance is not a savings or investment product and has no cash value unless a valid claim is made.

Read the Policy Summary PDF:131KB, Policy Booklet PDF:1.74MB and important information before you apply.