Life Insurance Calculator
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
2. Your loans & debts
3. Income & cover length
4. Your Life Insurance Estimates
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.