Skip to main content

Life Insurance Calculator

How much cover do I need? Find out at a glance with our simple life insurance calculator…
Get advice & quote

What’s the ‘right amount’ of life insurance cover?

It’s different for everyone. To figure out the ‘right amount’ of life cover for you, you’ll want to factor in your outstanding debt, mortgage, your family commitments (now and in future) and what you can afford to spend each month in premiums.

Our life cover calculator will help. And after you calculate how much cover, give us a call (or leave your details we’ll call you) so LifeSearch can search the market for policies that match what you’re after.

 

TRY THE LIFE COVER CALCULATOR!

Simply enter your financial obligations to understand what life insurance cover's good for you.

£
?

Any mortgage left to pay?

How much have you left on any current mortgages in your name?

£
?

Loans, credit cards & other debts

Total up all the non-mortgage debt you have: loans, credit cards, overdrafts and any other borrowing

£
?

Potential funeral costs

The average UK funeral costs between £4,000 and £5,000. If you have expensive tastes or a massive family, it may be more. Worth thinking about.

£
?

Childcare, school or higher education costs

You’ll know your childcare, private school or tuition fee obligations. But did you know it costs roughly £1,500 - £2,500 per year to fund one child through state school? There’s sports, activities, after school clubs, uniforms, travel expenses, technology (such as a laptop or iPad) to consider.

£
?

Additional lump sum

Life insurance covers your obligations and debt. A lump sum on top offers extra comfort and options for your family after you’ve gone

£ -
?

Existing life insurance, savings & investments

Total up any savings, investments and life insurance policies that you intend to keep. When you die your savings go towards your debt anyway - so it’s important you’re not ‘over-insured’. That’s just a waste of money.

Your total cover estimate:

£ 0

Let us find the best cover for you!

Get advice & quote

Not sure about your calculation? How much life insurance you need varies depending on your personal circumstances. We can help you choose the life insurance policy to suit you with fee-free advice.

Remember, this calculator only estimates how much cover you might need to help you make your decision. Speak to our expert Advisers to understand more about the life insurance quotes available to you.

Since 1998 we've secured more than 1.7 million policies

  • Fee-free expert advice, free support services
  • We search a range of insurers - some you know, some you don't
  • We advise, we search, but you decide
  • Multiple award winners for our customer service, culture and campaigning
  • Trustpilot 'Excellent' year after year from thousands of reviews
Read more about us

Frequently asked questions

LifeSearch Limited is an Appointed Representative of LifeSearch Partners Limited, who are authorised and regulated by the Financial Conduct Authority. Calls may be monitored/recorded.

Back to top