Life cover shortfall calculator

Repay existing debts

Amount of outstanding mortgage or debts

 

Amount of other outstanding loans not already covered

 

Other expenses

Funeral expenses (A funeral can cost at least £1,000)

 

Education costs for your children (University expenses can cost around £5,000 a year)

 

Any other expenses you wish to cover

 

Maintain standard of living

Enter the lump sum your dependants would need to get by if anything happened to you

 

Assets / Cover in place

Do you have any other life insurance plans or savings that would provide a lump sum and cover some of the debts above if you died?

 

Based on the above figures, the amount of cover you should consider is:

£