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Life care Insurance Calculator
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1
What type of cover would you like?
*Family protection provides a one-time payment that can assist your family members in preserving their standard of living in the event of your death. *Mortgage protection is designed with the purpose of assisting in the repayment of a mortgage, ensuring that your family can continue to reside in the family home even after you passing.
Family protection
Mortgage protection
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2
I want my Life insurance to help preserve my partner.
*We calculate this amount based on your income, and we presume your partner will continue to work after you die. Your partner could put this money towards their living expenses.
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3
What 's your monthly income after tax and deductions?
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4
Calculation
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5
I want my life insurance policy to:
Provide financial support for my children.
*According to the Child Poverty Action Group, the average cost of raising a child is estimated to be £10,000 per child annually until they turn 19.
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NO
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6
I want my life insurance to help with university expenses
*Even if it's a long way off, it's worth contemplating future costs now if your children plan to attend university. This estimate covers tuition and lodging.
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7
How many kids do you have who are 18 years old or younger?
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5
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8
How old is your first child?
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9
How old is your second child?
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10
How old is your third child?
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11
How old is your fourth child?
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12
How old is your fifth child?
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13
Calculation1
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14
Calculation 2
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15
Calculation
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16
I want my life insurance to:
Help pay for my funeral
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17
How much do you desire to put towards the funeral?
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18
I want to include critical illness insurance.
*If you get extremely ill, critical illness insurance could help you financially prepare. If you are diagnosed with or have surgery for one of the ailments listed in our policy, we will give you a flat amount. *You can add critical illness coverage as a separate policy when you apply for life insurance. As an example, we'll compute the critical sickness amount as 25% of your life insurance sum, but you can apply for any amount.
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19
Critical illness cover
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20
Calculation
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21
What type of mortgage do you have?
A mortgage installment
Only for interest mortgage
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22
How much of your mortgage is still owed?
*
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23
I want to add critical illness cover.
YES
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24
Critical illness cover
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25
Total Calculation
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26
How much is left to pay on your mortgage?
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27
I wish to use my life insurance to support my partner.
YES
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28
What's your monthly income after tax and deductions?
*
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29
Calculation
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30
I want to use my Life insurance to support my children.
YES
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31
I want to use my Life insurance to cover university costs.
YES
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32
How many children do you have aged 18 or under?
1
2
3
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5
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33
How old is your first child?
*
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34
How old is your second child?
*
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35
How old is your third child?
*
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36
How old is your fourth child?
*
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37
How old is your fifth child?
*
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38
Children financially cover
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39
University expenses cover
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40
Calculation
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41
I want to use my Life insurance to pay for my funeral
YES
NO
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42
Calculation
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43
I want to add critical illness cover
YES
NO
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44
Critical illness Cover
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45
Total Calculation
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