To help us ask you relevant questions, please select the option which best reflects your current lifestyle:
Single: I'm single with no dependents.
Couple: I'm married or in a long-term relationship without any dependents.
Family: I'm married or in a long-term relationship with children. I feel responsible for the lifestyle and financial well-being of my loved ones.
Single Parent Family: I'm a parent or guardian of children without a partner. I feel responsible for the lifestyle and financial well-being of my loved ones.
Life Cover
Pay off mortgage or continue paying rent
$0
$1,000,000
Other loans or debts
i.e. credit cards, personal loans, car loans
$0
$1,000,000
Funeral Expenses
Funerals generally cost between $4,000 -$15,000 (Source - MoneySmart website)
$0
$25,000
As an inheritance or bequest
$0
$1,000,000
Existing Life Cover that would pay out in the event of your death
$0
$1,000,000
Savings and Investments that will not continue in the event of your death
i.e. stocks, bonds, savings accounts
$0
$1,000,000
Superannuation
$0
$1,000,000
Total Estimated Life Cover Amount
Daily living expenses
i.e. groceries, bills, transport
$0
$1,000,000
Other loans or debts
Debts including mortgage and credit cards; where renting, consider the cost to purchase a modest home
$0
$1,000,000
Home modifications to suit a disability
$0
$1,000,000
Additional unforeseen expenses to assist in recovery
i.e. out-of-pocket medical expenses, rehabilitation, carer/housekeeper
$0
$1,000,000
Existing Total & Permanent Disability Cover
$0
$1,000,000
Savings and investments
i.e. consider emergency savings accounts, stocks, bonds or other assets which produce income or you would sell in an emergency
$0
$1,000,000
Total Estimated TPD Cover Amount
Mortgage payments or rent for a year
$0
$1,000,000
Other loans or debts for a year
i.e. credit cards, personal loans, car loans
$0
$1,000,000
Daily/household expenses for a year
i.e. groceries, bills, transport
$0
$1,000,000
Number of years would you like to be covered
(Should you need to take time off for illness / serious injury)
Additional unforeseen expenses to assist in recovery
i.e. out-of-pocket medical expenses, rehabilitation, carer/housekeeper
$0
$1,000,000
Existing Trauma Cover
$0
$1,000,000
Savings and investments
i.e. consider emergency savings accounts, stocks, bonds or other assets which produce income or you would sell in an emergency
$0
$1,000,000
Total Estimated Trauma Cover Amount
Your Summary
Life Cover Amount
TPD Cover Amount
Trauma Cover Amount
The purpose of this calculator is to help you in deciding what amount of cover you may require for the types of Life Insurance cover specified below. This calculator is for general guidance only and does not take into account your personal objectives or financial situation. For this reason, you may wish to seek advice from a professional financial planner. There are many factors to take into account in determining the level of cover you may require for these types of Life Insurance. The calculator only includes some of the common liabilities and assets you may want to take into account. We reasonably believe these are some of the key factors people commonly take into account in determining the level of cover required under such insurance. Not all factors or ones that may be relevant to you are covered. For example, it does not take into account changes in your dependents’ needs (e.g. future increases in debts and expenses). It does not take into account inflation as this is usually a benefit available in particular products. It also does not take into account specific product limits which can be relevant. A product may, for example, limit your level of cover. Accordingly, using this calculator does not mean that you will have covered all relevant factors that you may need to take into account. This calculator is not intended to be relied on for the purposes of making a decision in relation to any specific Life Insurance product and is not intended as a substitute for professional financial advice. Before making any decision on any such product; you should read the relevant Product Disclosure Statement.
