Personal Insurance

How much cover do we actually need?

A guide to life, TPD and income protection cover. Most households are either over- or under-insured — the goal is appropriate.

Annual income

Total debts (incl. mortgage)

Income replacement years

Number of dependants

Funeral + education buffer

Existing life cover

Rule-of-thumb only. Personal advice considers tax structure, super ownership, definitions and existing employer cover.

Your estimate

Life cover gap$2,110,000

Suggested TPD cover$1,550,000

Income protection (monthly)$6,875