Why include your mortgage?
Some people want life cover to help repay an outstanding mortgage so surviving family members have lower housing costs.
Tools
Estimate a rough level of life insurance cover based on your debts, income needs, future family costs and existing protection.
This calculator provides a general estimate only. It is not personal financial advice and does not determine how much cover is suitable for you.
Illustrative cover estimate
Enter a few details to calculate an estimate.
Transparency
We add the debts, income support and future costs you enter, then subtract existing protection and savings you choose to include.
Debts + income support + future costs − existing protection = illustrative cover estimate.
Guidance
Some people want life cover to help repay an outstanding mortgage so surviving family members have lower housing costs.
Life insurance can help provide financial support for household costs if an income is lost. The number of years to include depends on your own planning assumptions.
You may want to account for existing life insurance, employer death-in-service benefits or savings that would be available to your family.
Future needs can change because of income, debts, children, housing costs and existing assets. Review your assumptions rather than treating one calculation as permanent.
FAQs
Answers about how this estimate is calculated and what it does not do.
Next step
Quotes are personalised. This estimate does not recommend a provider or policy.
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