Understand your insurance needs with confidence.
Use our simple insurance planning tools to estimate the level of financial protection you may need. Explore life insurance, income protection, critical illness and mortgage protection calculations in one place.
Planning
Get a simple starting estimate for your life cover.
Enter a few household details below. The calculator uses a simplified educational approach to estimate a potential level of life insurance cover based on income, debts and future family costs.
Calculate your estimated cover
This estimate is designed to help you think about your potential financial protection needs.
Your indicative cover need
Based on the information entered, your estimated financial protection requirement is:
Choose the calculator that matches your situation.
Insurance needs can vary depending on your family, income, debts and financial responsibilities. These tools are designed to help you organise your thinking before researching policies.
Life Insurance Calculator
Estimate a starting point for life insurance cover by considering household income, debts, savings and future costs.
Use Calculator →Income Protection Calculator
Consider how much monthly income you may want to protect if illness or injury prevents you from working.
Explore Guide →Critical Illness Planner
Explore potential financial costs that could arise after a qualifying critical illness and consider additional protection.
Explore Guide →Mortgage Protection Planner
Review your mortgage balance and consider how life insurance could form part of a wider household protection strategy.
Explore Guide →Family Protection Planner
Think through childcare, education, household spending and other costs that dependants may face.
Read Life Insurance Guide →Insurance Planning Hub
Learn about different types of insurance and how protection can fit into a broader personal finance plan.
Explore Insurance →Turn a few numbers into a useful planning starting point.
Our calculator uses a straightforward framework to help you identify the financial gap that life insurance could potentially help address.
Enter Your Income
Start with the annual income that your household may need to replace if your earnings disappeared.
Add Debts
Include mortgage balances and other debts that your family may need to manage.
Consider Future Costs
Think about childcare, education and other significant household financial commitments.
Review The Result
Use the estimate as a starting point for further research rather than treating it as a recommended insurance amount.
Insurance planning is about more than income.
A useful insurance review looks at your wider financial position. Your ideal level of protection may change as your mortgage, income, family responsibilities and savings change.
Know what the calculator cannot tell you.
A calculator can help with initial planning, but insurance decisions also involve policy terms, underwriting and individual circumstances.
Policy Term Matters
The length of your cover should reflect the financial need you are trying to protect.
Cover Type Matters
Level, decreasing, increasing and whole-of-life insurance can have significantly different structures.
Underwriting Matters
Insurers may assess age, health, lifestyle and other factors before offering cover.
Learn more before making financial decisions.
Explore the latest GrowthSmartly articles covering insurance, taxes, savings, investments, property and personal finance.
Continue exploring UK insurance and personal finance.
Use these related guides to build a broader understanding of financial protection and household planning.
Life Insurance UK
Understand term life insurance, whole-of-life cover, premiums and beneficiaries.
Read Guide →Income Protection
Learn how income protection can help replace part of your earnings after illness or injury.
Explore Guide →Critical Illness Cover
Understand how critical illness cover differs from life insurance.
Read Guide →Insurance Guide
Explore different types of insurance and financial protection.
Explore Insurance →Inheritance Tax
Learn the basics of UK Inheritance Tax and estate planning.
Read Guide →Income Tax Calculator
Explore UK Income Tax calculations and understand your potential tax position.
Calculate →National Insurance Calculator
Estimate National Insurance contributions using our UK calculator.
Calculate →Mortgage Guide
Understand mortgages, affordability and home borrowing.
Explore Guide →
Questions people ask before using an insurance calculator.
These answers are general educational information. Your insurance needs and policy costs depend on your circumstances and the terms offered by an insurer.
Understand your protection needs before choosing cover.
Use the calculator as a starting point, explore the related guides and always review the actual policy terms before making an insurance decision.