Life Insurance Calculator

Our life insurance calculator can give you a rough estimate of the amount of life insurance you may need. This calculator is known as an 'income replacement calculator'. It calculates the lump sum of money needed to produce a replacement paycheque. This lump sum is assumed to be the amount of life insurance needed.

• 80% is a common rule of thumb for determining the percentage of income to be replaced.


• Number of years to replace should be the number of years to duplicate your income until retirement