Life Insurance Calculator

Estimate a starting coverage target by adding income replacement, mortgage and debts, education funding, and final expenses, then subtracting savings and existing cover.

1. Income replacement

If you were no longer here, how long would your family need help covering day-to-day living costs?

After-tax annual income to replace

What actually lands in your bank.

Years to replace income

Consider age of dependents

% of income to replace

Suggested minimum 70%

2. Mortgage & debts

Amounts you would like cleared so your family isn't worrying about repayments on top of everything else.

Outstanding mortgage balance

Other debts (loans, credit cards, car)

3. Children & education

An optional sum for childcare and education.

Number of children to provide for

Education / support per child

Childcare & Education costs

4. Final expenses & existing resources

Last, we add a buffer for final costs and subtract savings or existing coverage that would help your family.

Final expenses & emergency buffer

Funeral, legal & contingency fund

Savings & investments available

Existing Insurance coverage

Individual and any employer coverage