Helping you work out how much cover you need
How we use your information
We'll only use the figures you enter into this calculator to work out how much life insurance cover you might need. We don't store this information and we won't share it with anyone else.
This is the value of your estate – how much you have in savings and investments, plus the value of your assets (anything of value that could be sold). You can use this to lower the amount of cover you get, if you want to.
Examples: current account, savings accounts, ISAs, bonds, shares, joint accounts
Examples: cars, property, equity in your home (your property's value minus your mortgage), jewellery, boats, trust funds for children
Examples: you may have cover through your job, or other policies you've taken out previously
If you know how much you spend on household expenses and your dependants, it'll help you work out how much your loved ones will need to manage financially, if you die.
Examples: rent, mortgage, utilities, food, childcare, pet care, transport – anything you want to cover
Examples: debts such as credit or store cards, loans, entertainment, holidays, school clothes – anything not covered above that your loved ones might have to pay if you died
Examples: the time left on your mortgage, or until your children leave full-time education – how long you'd like to provide for your loved ones
You can't see into the future, but you might have an idea of what you'd like your life insurance to cover for your loved ones, in addition to everyday expenses.
Examples: education fees, wedding costs, healthcare, retirement homes, family holidays and anything else
You could choose enough to cover the whole mortgage, or just your share
Examples: childcare, dog walking, cleaning, caring for parents or others, cooking, gardening
You must answer every question – if it's irrelevant or doesn't apply, enter '0'
Your cover options
Based on your answers, here are two cover options. The first is the maximum amount you'd need to cover everything and leave a lump sum for your loved ones. The second is the minimum cover you'd need, leaving no lump sum for your loved ones and assuming there's someone else who'd still be able to cover half of your outgoings. If neither is quite right, you can customise it.
All your regular expenses
Full lump sum for dependants
Not cashing in any assets
Half your regular expenses
No lump sum for dependants
Cashing in all your assets
Not quite right?
You can adjust these until you get the cover amount that's best for your needs. For example, you could choose to cover a certain percentage of your expenses, rather than half or all of it
% of your regular expenses
% lump sum for dependants
Cashing in % of your assets
This is only a guide
When you go on to get your quote, you can adjust with the figures until you find something that's affordable and offers the right level of cover for your needs.
It's just a guideline
It will give you a rough cover amount to enter into your application as a starting point.
It's not set in stone
If the future doesn't turn out as you expected, you can change your level of cover later.
It's all yours
The full lump sum will go to your estate, or you can place it in trust if you'd like to specify who gets it
Customise your results
Choose how much of each section you want life cover to provide. For example, if you share the cost of running the household with someone else, you can choose to cover just your part of the expenses.
Would you like to use the value of your assets to make your cover amount
lower? Choose one or enter custom amount.
How much of your household expenses would you like your life insurance to cover? Choose one or enter a custom amount.
Of the amount of money that you'd like to leave for their future, how much would you like this life insurance policy to cover? Choose one or enter a custom amount.