How Much Life Insurance Do I Need?
When considering life insurance, it is important you choose an adequate level of cover for you and your family’s needs.
Lifebroker can only offer you general advice and cannot recommend how much insurance you should apply for based on your personal needs and circumstances.
When deciding on the right level of cover for you, consider your financial commitments and future plans, such as:
- Any debts you have, such as a mortgage or credit card debts
- Everyday cost of living
- Anyone financially dependent on you
- Your children’s future education costs
- Any major purchases planned for the future
Life insurance as a stand-alone product is often surprisingly affordable and provides you with the peace of mind that comes with knowing your family is financially protected should the worst occur.
Try out our life insurance calculator to get an indication of how much cover you may need.