How much do I need?
A well chosen life insurance plan ensures you will be able to afford to maintain your lifestyle, and protect your family in the event of an accident or serious illness. Life insurance will also provide for your loved ones after death.
If you suffer a serious illness or have an accident that prevents you from working, there are elements of a life insurance policy that can provide the money to replace the income you would normally have earned. In addition lump sum amounts are available to cover medical expenses and pay off your debts.
If you have a spouse, a partner or children that depend on you financially, you should make sure that your life insurance covers what you owe as well as provide for your dependents. Remember: the mortgage or other debts are not written off when you die; they must be repaid from your estate.
This insurance-needs calculator can help you determine how much cover you may need to protect your family if you become sick, injured or die.
It’s easy to use.
Simply enter some basic personal details such as your date of birth, and financial details such as savings, mortgage, and any existing cover you may have.
You’ll then see your calculated levels of cover. You can adjust the levels of cover to suit different situations.
Assess Your Insurance Needs
Use this calculator to work out how much cover you may need.
Find an adviser near you
If you would like to talk about your life insurance needs, we can put you in touch with an adviser in your area
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Email link:
au.adviserservices@aia.com
