Life Assurance Cover Calculator

Calculate the lump sum needed to provide a given level of income over a specified timeframe

Name of life assured
How much pre-tax income would your beneficiaries/dependents require on an annual basis	£	per annum
Monthly Expenditures:
Mortgage / Rent	£	per month
Endowment / ISA Policies (connected to mortgage)	£	per month
Buildings / Contents Insurance	£	per month
Loans / Hire Purchase / Credit Cards	£	per month
Food / Consumables	£	per month
Heat	£	per month
Electricity	£	per month
Telephone inc. Mobile(s) & Broadband	£	per month
TV Licence	£	per month
Sky	£	per month
Rates	£	per month
Property Maintenance	£	per month
Car Tax / Insurance	£	per month
Car Maintenance	£	per month
Car Fuel	£	per month
School Fees	£	per month
Childcare	£	per month
Beauty / Haircuts	£	per month
Covenants / Charity Donations	£	per month
Clothes	£	per month
Pension	£	per month
Life Assurance	£	per month
Critical Illness Cover	£	per month
Income Protection	£	per month
Misc	£	per month
Monthly Subtotal (close)	£

Is the income to be withdrawn on a monthly or annual basis?
How many years of income are needed for the beneficiaries/dependents?		years
Estimated annual investment return on life assurance proceeds (before charges)		%
Estimated annual inflation rate (assuming the income is to increase with inflation)		%