Life Assurance Calculator
Our Life Assurance Calculator will help you establish the level of life assurance
cover you need based on your individual circumstances. It will show you the two
options available, which are to either effect a policy that would pay out a one
off lump sum on your death or a policy that would provide your dependants with
a monthly income for a given period of time.The first thing to
establish is for how long you would need your life assurance cover. This is usually
calculated for the length of time that
your family would be dependent on you income. Typically people choose
to effect cover until their youngest children reach the age of 25, giving
them chance to have completed university and become financially independent.
The first part of the calculator simply works out the amount of money
your dependants would require to clear all of your liabilities
in the event of you dying. The second calculator works out your overall
Life Assurance shortfall.
Hover your cursor over each item to get a more
detailed description and some examples.