Work out how much life cover you may need in a few simple steps.
Would you want to leave any money to cover monthly expenses, such as bills, transport and groceries? If so, how much would your family need each month?
And for how many years after your death would they need these expenses covered?
Do you have a mortgage you’d like cover for – and if so, how much?
How much money would you want to pay off any other debts?
How much would you like to leave your family as a lump sum payout?
How much do you have in savings that you can leave to your family?
These amounts will be subtracted from your estimated cover amount.
for monthly expenses
to cover your mortgage and other debts
lump sum payout for your family
saving and life insurance you already have
the total life cover you may need
<p>Please note: My Life Insurance only offers cover up to £500,000</p>
<p>Based on the information you have provided, you may already have sufficient arrangements in place to cover your life insurance needs. If your circumstances change, you can recalculate how much cover you may need at any time.</p>
<p>If you’d still like to purchase life insurance:</p>
Ready to get your personalised quote and apply?
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