Life insurance calculator
It provides invaluable financial protection to your loved ones if the worst happens, but what level of life insurance cover is right for you?
Perhaps you want your life cover to pay off your mortgage and other outstanding debts; or maybe school fees and university costs are your biggest concerns.
Whatever your focus, it’s important to make sure that not only do you have enough cover, but you can also afford the premiums.
The higher the cash sum you want paid out, the higher the premiums will be.
It’s worth shopping around for your life insurance if you’re looking to take a mortgage, as you’re under no obligation to buy from a mortgage provider.
Remember, once your life insurance is all sorted, don’t just put the paperwork away and forget about it. It’s important to regularly review the amount of cover you have so it reflects your current lifestyle.