Life Insurance Calculator
Our life insurance calculator works out the right level of cover — income replacement (typically 10x salary), outstanding mortgage, other debts, and children costs minus existing cover.
Types of Life Insurance
- Level term: fixed payout for a fixed period
- Decreasing term: payout mirrors your mortgage balance
- Whole of life: permanent cover, significantly more expensive
- Family income benefit: monthly income instead of lump sum
Life Insurance Calculator
Calculate how much life insurance cover you need to protect your family and estimate your monthly premium.
Premium estimates are indicative. Actual premiums depend on full underwriting. Always compare regulated life insurance providers.
Enter the sum assured you require — typically enough to cover your mortgage balance, replace your income for dependants until financial independence, and cover any final expenses. Ten times annual salary is a common starting benchmark. Select the term: cover until the mortgage is repaid, children are grown, or you reach state pension age are the most common rationales. Age and smoking status are the primary drivers of premium. The calculator shows estimated monthly premiums across term lengths. For young, healthy non-smokers, the premium is modest relative to the protection provided. Always buy through an FCA-authorised provider or broker and disclose all health information accurately — non-disclosure can invalidate a claim.