Life Insurance Calculator.

    Life Insurance could provide a lump sum if you die, helping to ensure your loved ones aren’t left in financial difficulty. It could pay off the mortgage as well as any outstanding loans or bills. Use our handy calculator to work out how much cover you might need.

    How much cover do I need?

    Work out how much life cover you may need in a few simple steps.

    Step 1 of 5

    Do you want to leave any money to cover monthly expenses?


    Step 2 of 5

    Do you have a mortgage you'd like cover for?


    Step 3 of 5

    Do you have any other outstanding debts you'd want to pay off?


    Step 4 of 5

    Do you want to leave your family a cash lump sum?


    Step 5 of 5

    Do you have any existing savings or life insurance policies?


    These amounts will be subtracted from your estimated cover amount.

    Here's a summary of the life insurance cover you may need.


    To cover your monthly expenses



    To cover your mortgage and other debts



    Lump sum payout for your family



    Saving and life insurance you already have


    £replace me

    The total life insurance cover you may need - you'll need this when you apply.

    Please note: My Life Insurance only offers cover up to £500,000.

    Based on the information you have provided, you may already have sufficient arrangements in place to cover your life insurance needs. If your circumstances change, you can recalculate how much cover you may need at any time.

    If you'd still like to purchase life insurance.

    Ready to get your personalised quote and apply?

    Sign in to get startedClose and Continue

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    Important information

    Halifax is a division of Bank of Scotland plc. Registered in Scotland No. SC327000. Registered Office: The Mound, Edinburgh EH1 1YZ. Bank of Scotland plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 169628.