Life insurance calculator considers your family circumstances, insurance goals, and financial situation to estimate how much insurance you might need to protect you and your family.

Life doesn’t stand still – and neither do your needs. As your circumstances change, it’s important that your life insurance continues to protect what matters most:  you and your family.

One of the easiest ways to check whether your cover still fits is by using a life insurance calculator. It’s free, simple, and tailored to your situation.

By considering your family structure, financial commitments, and future plans, it can help estimate how much cover you may need to feel confident and secure.

Things to keep in mind when using a life insurance calculator

To get the most out of it, take a moment to consider the following:

• Do you have any debts (such as a mortgage, credit cards, or personal loans)?
• Would your family be able to maintain their lifestyle if you passed away?
• Do you have any children or dependents who rely on you?
• What level of cover feels affordable and sustainable for you?
• Do you already have life insurance through your super fund?
• Do you have savings, sick leave, existing cover to fall back on?

Where to find a life insurance calculator

If you’re wondering how much life insurance you might need, the life cover calculator on the ASIC Money Smart website is a good first stop. It can help you work out if you need Life Cover, how much you might need, and the expenses your cover will pay for if you pass away.

_{Disclaimer: The ASIC Money Smart website is provided by the Australian Securities and Investments Commission. It is independent from Nippon Life Insurance Australia and New Zealand Limited ABN 90 000 000 402 AFSL 230694 (“Acenda”) and Acenda makes no warranties regarding the information contained in the website. Before you rely on this information, review the assumptions and disclaimers on the website.}

Get your estimate – and confidence in tomorrow

If you’re unsure about the level of cover that’s right for you, or you’d like help understanding your options, we recommend speaking to a financial adviser.

If you don’t already have a financial adviser, visit moneysmart.gov.au. It’s a government-run resource where you can search for licensed professionals, including financial advisers who specialise in life insurance, superannuation, and investments.

Find an adviser