Use this calculator as a rough guide as to how much Life Assurance you need to consider taking out. This does not replace the need for specific advice as you may find another type of cover may be more suitable for you.

Life cover shortfall calculator

Debts

Amount of outstanding mortgage or debts

 

Amount of other outstanding loans not already covered

 

Other expenses

Funeral costs / Other expenses you wish to cover

 

Average funeral costs doubled in the 10 years to 2011, and at the present rate of £3,368 they are expected to rise to nearly £5,000 by 2016 source

Family

Number of children

Childcare costs are taken from the LV cost of rising a child survey 2013 (pdf)

Please enter the ages of your 4 youngest children. It is strongly reccomended you speak to us for advice

Maintain standard of living

Assuming the mortgage is repaid how much income would be required to pay bills, run the car, pay for food etc per month.

 

Existing Cover

In the event of death In the event of illness
Income (monthly) Income (monthly)
Lump sum Lump sum

Shortfall

In the event of death In the event of illness
Income (monthly) Income (monthly)
Lump sum Lump sum

The figures above are indicative only, if you require advice you should speak to one of our advisers

Why don't you give us a call on 0800 953 0304 or arrange a call back

Why not see if we can save you money on your life insurance?

Life Insurance Calculator

Request call back

For a free, no-obligation life insurance review, you can speak to one of our expert advisers on:

0800 073 1932

Or request a call back:

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London & Country Mortgages Ltd, Beazer House, Lower Bristol Road, Bath, BA2 3BA is a company limited by shares.

Our Companies House number is 1988608. We are also authorised and regulated by the Financial Conduct Authority. Our FCA number is 143002.