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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 the following set of life insurance calculator predefined goals:

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%)

These goals are based on some of the commonly given reasons for seeking cover.

Please note that 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

Life insurance case studies

Read case studies based on real life scenarios:

  • Single and working
  • Married, no children and two incomes
  • Married with children and one income
  • Older couple approaching retirement with adult children
Read Case Studies Now