Life Insurance Calculator
Australia: Estimate Your
Cover and Costs

It takes details like your debts, income, dependants and savings, then applies set assumptions to estimate a suitable coverage amount or indicative premium. Results depend on the inputs and assumptions used.

It varies by household. Add your debts, ongoing living costs and future expenses such as education, then subtract savings and existing cover. The remainder is a starting point for your sum insured.

Cost depends on your age, health, smoking status, occupation, benefit amount and policy options. Only an insurer can confirm your premium after assessing your application.

It’s as accurate as the details and assumptions behind it. It gives a useful estimate for planning, but it can’t replace insurer underwriting or a personalised needs assessment.

No. An estimate is indicative and based on general assumptions. A quote comes from an insurer after considering your circumstances, and may change after underwriting. A calculator can’t tell you your exact premium.

Have your age, income, mortgage and other debts, number of dependants, expected education costs, savings and any existing life cover ready. Smoking status and occupation also help with premium estimates.

Life insurance generally pays a benefit on death. TPD can pay if you meet the policy’s disability definition. Income protection generally replaces part of your income while you can’t work. Terms vary by policy.