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Life insurance calculator
Life Insurance Calculator
Life Insurance CalculatorOur Life Insurance Calculator helps you work out exactly how much cover you would need to get in order to repay your debts, cover your funeral and other costs and provide some financial support for your partner and family.

This helps you work out how much life insurance you really need. We're talking about pure protection here - so-called "term insurance", not investment-linked contracts such as whole-life plans or endowments.
One-Off Payment
Work out what the costs of dying are likely to be.
Funeral expenses
(no commas, eg. 7000)		 £
What debts do you have which should be repaid? You do not want to leave your partner a mortgage to pay off!
Mortgage £
Loans, bills £
Estimated value of estate* £
Are you and your partner married?* No Yes
* Unmarried partners must pay 40% Inheritance Tax on estates over £275,000
Living Expenses
Work out how much your partner would need to live on.
Living costs per month £
Partner's likely net income per month £
Now you need to decide how long this annual shortfall will need to be met.
Enter number of years Years
Other Assets
However you may have other assets which can help bridge this gap. Firstly existing covers, eg. mortgage endowment cover.
Death in service cover £
Endowment cover £
Now add assets that could be sold. But remember it makes sense to keep some savings in case of emergencies, e.g large repair bills.
Assets £
Results  
Total one-off payment £
Surviving partner's income shortfall per year £
Total living expenses £
Total expenses £
Assets and covers £
TOTAL COVER REQUIRED
This is how much extra life
insurance you need to buy.		 £ Puffin Results
 

 

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Notes about our free calculators
1. Our financial calculators have been created to give you ballpark figures only – in other words, they won't be exact to the absolute pound and pence.
2. You don't need to use pound sign or commas when inserting values. Example: 4500 not £4,500.