How does the calculator work?
- You estimate your current and future financial obligations in today's dollars.
- You estimate inflation and investment earnings rates
- Your future requirements are increased by the inflation factor and then discounted by the earnings rate to give the amount of capital required today to fund them
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Insurance Calculator
Our Insurance Needs Calculator provides an illustration of how much insurance could be required based on meeting a set of predefined goals:
For Life/TPD insurance -
- Provide for immediate needs
- Clear all debts
- Provide an ongoing income for dependents
- Establish an education fund for children
For Trauma insurance -
- Provide for medical expenses
- Clear all debts
- Provide for recuperation eg time off work
For Income Protection -
- To protect the maximum allowed amount of current income (75%)
These goals are based on some of the commonly given reasons for seeking cover.
The Insurance Needs Calculator is an illustrative tool only and does not take into account your personal needs, circumstances or objectives. Read Disclaimer
