Life Insurance Calculator

Plan with confidence using our free Life Insurance Calculator. This easy-to-use tool helps you estimate how much life cover you really need to protect your family’s financial future. Whether your goal is to settle your home loan, replace lost income, or ensure your children’s education is covered, our calculator gives you a clear picture of your ideal life insurance amount.

Why Use a Life Insurance Calculator?

Most people underestimate the level of life cover they need.
Our calculator gives you a personalised estimate based on factors like:

• Your current income and monthly living expenses
• Outstanding debts (home loan, car finance, credit cards, personal loans)
• Family needs (education, groceries, healthcare, lifestyle costs)
• Future financial goals (retirement savings, children’s milestones)
• Funeral and estate settlement costs

This ensures your loved ones are protected from financial strain.

Benefits of Using Our Life Insurance Calculator

• Get an estimate of how much life cover you need*
• Plan ahead for your family’s long-term financial security
• Avoid the risk of being underinsured or overpaying for cover
• Available online, anytime — 100% free and obligation-free
• Match your results with competitive quotes from leading life insurers

How the Life Insurance Calculator Works

1. Enter your age, monthly income, and existing debts
2. Include your family’s living costs and future needs
3. Add any education or medical expenses you want covered
4. Get your recommended life cover amount instantly
5. Compare quotes from trusted life insurance providers

Who Should Use This Calculator?

Our Life Insurance Calculator is designed for:

• First-time life insurance buyers who need guidance
• Parents with dependents who rely on their income
• Homeowners with a mortgage or other large debts
• Anyone reviewing or updating their existing life cover

Tips for Getting the Right Life Insurance Cover

Along with our calculator, remember these when planning your cover:

• Review your life insurance every 1–2 years as your circumstances change
• Consider inflation and rising costs of living when calculating cover
• Don’t forget to include medical expenses, funeral costs, and estate duties
• Compare multiple insurers to ensure you’re getting the best deal
• Look for policies with flexible benefits that can adapt to your future needs

Life Insurance Calculator

Disclaimer: *This is an estimate only and not financial advice.
Please consult a licensed insurance advisor to determine the right cover for your needs.