Term Insurance Cover Calculator
Estimate the additional life cover needed to replace income, clear liabilities and fund important family goals.
How this estimate works
This is a needs-based estimate, not a premium quote. Do not count the family home or emergency assets as available unless dependants could realistically use them for these needs.
Check your inputs & compare scenarios
Replace the examples with your current figures. Keep the currency and time period consistent with each field. Save one scenario, then change an amount or rate to compare the effect. Reopened scenarios calculate with current rules; your original result stays in history.
Report a calculation issue with this page URL and non-sensitive example inputs.
Questions & answers
Frequently asked questions
Should life cover be only a multiple of income? +
An income multiple is a quick starting point, but a needs calculation also includes liabilities, future goals, existing cover and assets that dependants could actually use.
Which policy documents should I check? +
Use the policy schedule, Customer Information Sheet, benefit illustration and insurer quotation. Enter the exact cover, premium, factor, sub-limit or charge shown for your policy.
Does this replace an insurer quotation or professional advice? +
No. It is a planning estimate. Underwriting, medical history, exclusions, waiting periods, tax treatment and product-specific terms can change the final premium, benefit or claim.