Life insurance calculator

Our Life Insurance Calculator provides an illustration of how much life insurance (including TPD)trauma insurance and income protection insurance could be required to meet predefined goals
Life Insurance Calculator

The following goals are based on some of the commonly given reasons for seeking cover

For Life Insurance and TPD insurance

  • Provide for immediate needs e.g. funeral costs
  • 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 Insurance

  • Protect the maximum allowed amount of current income (70%)

This Life Insurance Calculator is an illustrative tool only and may not cater for your personal needs, circumstances or objectives.

How does the Life Insurance 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
  • The resources you already have are offset against your need for insurance i.e. savings which can be drawn down on, assets which can be liquidated and existing insurance covers