Life Insurance Calculator | Money Saving Advisors

No, you don't need to enter any personal details to use the our life insurance calculator. It’s completely anonymous, so you don't need to worry about giving your name, email, or phone number. The idea is to give you a simple, straightforward way to understand your life insurance needs without the pressure.

Not at all. While our calculator is certainly helpful for homeowners, it's just as useful for renters, single people, or anyone who might have other financial obligations. The tool takes into account all types of debts - whether that's a mortgage, credit card, or even outstanding rent - as well as your dependants, so you can get a realistic picture of how much cover you might need.

Yes. Even if you already have a life insurance policy, our calculator can be very useful. It helps you review whether your current cover is enough to meet your needs or if you might be underinsured. For example, if your family situation has changed (like having a child or buying a home), your dependents may now need a higher cash payout when you die.

Absolutely. The calculator is just as valuable for singles as for those with families. Even if you don't have dependants or a spouse, you might still want to consider leaving money behind to cover things like funeral costs, any personal debts, or just to make sure your loved ones don't face any financial burdens. The calculator helps you plan for the unexpected, even if you're not currently supporting anyone else.

The calculator doesn't recommend specific insurance policies or companies, but it does give you a solid figure to work with. This gives you a starting point when you're comparing policies or seeking advice. You can go into any insurance conversation with a clear understanding of what you're looking for, rather than relying on an insurer to tell you.