The right cover depends on who depends on your income and what obligations you would leave behind. These calculators use common needs-based methods so you can compare estimates.
They are planning aids, not recommendations: insurers and advisers consider factors these tools cannot, such as health and existing policies.
Common approaches are a multiple of annual income, the DIME method (debt, income, mortgage, education) or the present value of your future earnings. The calculators here show all three.
Term plans give pure cover at low cost. That is a personal choice, so speak to a licensed adviser.
No. They only estimate a cover amount and do not recommend a product.
Disclaimer: This calculator provides estimates for informational purposes and should not be considered financial advice. Actual figures from lenders, banks and investment products can differ because of fees, taxes, rounding rules and changing rates. Consult a qualified professional before making financial decisions.
