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.
Please note that this information is provided as an estimate only and that you should contact our professional insurance advisers for specific advice that relates to your situation.
1. Your savings and assets
| $ | |
Existing Life Cover |
$ |
Other AssetsSuch as investment properties, but not including your residential home |
$ |
Total Assets |
$ |
2. Your loans and debts
Home Loans |
$ |
Other DebtsSuch as personal loans or credit card debts |
$ |
One-off costsSuch as funeral expenses, children's education or emergency funds |
$ |
Total Debts |
$ |
3. Income and cover length
Your age |
years |
Income requiredAmount of pre-tax income you or your dependents will require to cover on-going living expenses |
$ |
Cover lengthThe number of years you would like to sustain this level of income for |
years |
How much insurance
do you need?
When calculating your insurance coverage, make sure you take into account all of your debts, as well as ongoing lifestyle and education expenses. Proper coverage can ensure that your family will be comfortable, whatever happens.
