Life InsuranceCalculator
Get a personalised estimate of how much life insurance your family needs. Takes under 1 minute.
Calculate Your Coverage
Enter your details for a personalised estimate
Credit cards, loans, etc.
University, private school, etc.
Savings, death benefits, etc.
Average UK funeral costs
Why Life Insurance Matters
Life insurance provides financial security and peace of mind for you and your loved ones when they need it most
Family Income Replacement
Replace lost income to help your family maintain their lifestyle and meet daily expenses
Mortgage Protection
Ensure your family can maintain their standard of living and stay in their home
Education Fund
Secure your children's future education expenses including university costs
Peace of Mind
Provide financial security and emotional comfort for your loved ones during difficult times
Frequently Asked Questions
Get answers to common questions about life insurance calculations
This calculator provides a good starting estimate based on common financial planning principles. However, individual circumstances vary, and we recommend speaking with a qualified financial advisor for personalised advice tailored to your specific situation.
Key factors include your annual income, outstanding debts (mortgage, loans), children's education costs, funeral expenses, and existing savings or life insurance policies. You should also consider inflation and your family's future financial goals.
The 10x income rule is a rough guideline, but it doesn't account for individual circumstances like debts, dependents, or specific financial goals. This calculator provides a more personalised estimate by considering your actual financial situation.
Yes, including your outstanding mortgage ensures your family can remain in their home without the burden of mortgage payments. This is especially important if your partner's income alone wouldn't cover the mortgage.
Review your life insurance needs annually or when major life events occur, such as marriage, having children, buying a home, changing jobs, or significant changes in income or debt levels.
This calculator focuses on basic financial needs. It doesn't account for inflation over time, emergency funds, or additional lifestyle considerations. Consider these factors when discussing options with an insurance advisor.
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