Life Insurance Calculator CurrentFutureCalculations Your Current Situation Debts and Assets What debts do you have? Do you have any assets which your family could liquidate? (without affecting their lifestyle or retirement planning) Mortgage (residence) $ Investment Property $ Investment Loans $ Cash or Deposits $ Motor Vehicle Loans $ Shares $ Credit Cards $ Superannuation $ Other Loans $ Other $ Monthly Expenditure How much do you spend per month on debt related expenses? $ Do you work 24 hours or more per week? $ – select –NoYes What is your household’s current level of income per annum? Yourself Partner Gross Salary Yourself $ Partner $ Employer Super Contribution Yourself $ Partner $ Packaged Fringe Benefits Yourself $ Partner $ Existing Insurances What existing insurance cover do you have in place and wish to keep? (also include any insurance from your super fund) Life insurance $ TPD insurance $ Trauma insurance $ Income protection $ per month < Prev Next > Questions About The Future If you were to die or become totally and permanently disabled (TPD): What immediate funds would your family need for: Funeral expenses (death) $ Home modifications (TPD) $ Rainy day fund $ Other $ What ongoing annual income support would be needed to maintain your family’s standard of living? (with debts paid off this may be a lower amount) With current debt If debts paid off Your current income With current debt $ If debts paid off $ Household income (as partner would stop work) With current debt $ If debts paid off $ Other amount – please specify With current debt $ If debts paid off $ For how many years would this income support be required? $ How much will your children’s education cost per year? $ For how many years will education costs be incurred? $ If you were to suffer a serious trauma condition (such as a heart attack, cancer or stroke): What funds would you like to allow for medical expenses? $ What other funds would you like to help with recuperation eg. allow time off work? $ If you were unable to work due to an illness or injury and were not earning an income: How long could you continue to meet your expenses? $ – select –14 days30 days60 days90 days Over what period would you like to receive benefits? $ – select –Up to age 655 years2 years Inflation and Investment Earnings Rates What is your estimate of the long term average rate of: Inflation $ % pa Investment earnings $ % pa < Prev Next > Insurance Needs Calculator Life Insurance If you were to die: LIFE Provide for your dependant’s immediate needs $0 Life Provide Immediate Needs Clear all debts $0 Clear all debts Provide an ongoing income for dependants $0 Provide an ongoing income for dependants Establish an education fund for your children $0 Eductaion fund required Less Realisable Assets $0 Realisable assets required Life cover required $0 Your existing cover $0 Shortfall $0 Recalculate TPD Insurance If you were totally disabled: TPD Provide for your dependant’s immediate needs $0 Clear all debts $0 Dependants Immediate Needs Provide an ongoing income for dependants $0 Provide ongoing income for dependants Establish an education fund for your children $0 Establish an education fund for your children Less Realisable Assets $0 Less Realisable Assets TPD cover required $0 Your existing cover $0 Shortfall $0 Recalculate Trauma Insurance If you suffered a serious illness: TRAUMA Provide for medical expenses $0 Provide for medical expenses Provide for recuperation $0 Provide for recuperation Clear all debts $0 Clear all debts Less Realisable Assets $0 Less Realisable Assets Trauma cover required $0 Your existing cover $0 Shortfall $0 Recalculate Income Protection If due to illness or injury you can’t work: INCOME PROTECTION Your current income is: $0 monthly Your maximum allowable IP benefit is 70%: $0 monthly Indicated Benefit Period Indicated Waiting Period IP monthly benefit required $0 monthly Your existing cover $0 monthly Shortfall $0 Recalculate Help About The Results Changing Goals < Prev Run Quotes
