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Candid Calculator

While it's important to have sufficient life cover, you don't want to waste money by having too much. Use this calculator to estimate how much cover you may actually need. The calculator shows amounts in today's terms. In practice you might want to buy life cover that increases with inflation.

Life Insurance Calculator
Oustanding mortgage £
Other outstanding debts (e.g. loans, credit cards) £
One-off costs (e.g. funeral) £
How much would your financial dependents need to live on? ? £ per month
What is their current net income? ? £ per month
How many years might they require financial help? ? years
Existing life cover (e.g. through employer) £
Existing savings/investments/assets that could be cashed in £
Annual Savings / Investment return (above inflation) ? %

In practice there may be factors other than those included in this calculator that affect the level of life cover you might require. If in doubt, seek professional advice.

Calculations are estimates provided for illustrative purposes only. Candid Money Limited accepts no liability whatsoever for their subsequent use.

Go to Calculators Homepage.