Life Insurance Calculator

Life Cover

More than half of all Australians have insurance that wouldn't even cover one year's earnings, in the event that they are unable to work. Use this calculator to give yourself an idea about how much insurance you might need to cover yourself and your family.

1. Your savings & assets

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$
$
Such as investment properties, but not including your residential home.
$

2. Your loans & debts

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$
Such as personal loans or credit card debts.
$
Such as funeral expenses, children's education or emergency funds
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3. Income & cover length

$
Amount of pre-tax income you or your dependents will require to cover on-going living expenses. If you need help calculating how much income you require, consider using a budget planner to help.
years
years
The number of years you would like to sustain this level of income for. Typically you would estimate how many years until you expect to retire, and use that number here.
Calculate Clear

What you need to consider

When calculating the the amount of life insurance cover you might require, you need to take into consideration a number of factors, including:

  • How much it costs to maintain your current lifestyle, for you and your family
  • How much debt you have
  • Mortage repayments
  • Other costs that could arise, such as medical bills
  • The cost of children's education

In order to help you calculate how much it costs to run your household, it might be helpful to use a budget planner.

Please note that this information is provided as an estimate only and that you should always contact a professional insurance adviser for specific advice that relates to your situation.

1300 Insurance Ezicover Life Insurance is issued by Zurich Australia Limited (Zurich) ABN 92 000 010 195 AFSL 232510 of 5 Blue Street, North Sydney, NSW 2060. This information is of a general nature only and does not take into account your objectives, financial situation or needs. You should consider these factors and the relevant product disclosure statement (PDS), which contains details of conditions, limits and exclusions of cover, before making a decision regarding the product. 1300 Insurance is an Authorised Representative of Bombora Advice Pty Ltd (ABN 40 156 250 565 AFSL Number 439065), of Level 2, 406 Collins Street, Melbourne VIC 3000. 1300 Insurance promotes this product and if you buy an Ezicover policy, Bombora Advice Pty Ltd will receive a commission from Zurich of up to seventy percent (plus GST) of your insurance premium. This is then passed onto 1300 Insurance. This amount is paid by Zurich and is not an additional cost to you. Details of remuneration received by 1300 Insurance can be found in their Financial Services Guide.