Insurance calculator

Our Money Solutions Insurance calculator will help you calculate how much insurance cover you need to protect your dependents in case of an accident or ill health. Our calculator will help you understand how much your income and assets are worth, and how valuable you really are.

The results appearing on this calculator is indicative only and is based on a series of assumptions. The assumptions are shown below the calculator.

How to use this calculator



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Salary and contribution details
 
 
 
   Death and Total & Permanent Disablement (TPD) cover  
 
   Death and TPD plus Income Protection  
 
   Death only cover  
 
 
     
 
 
 
 
 
 
 
Personal details
 
  Current age *    
 
  Do you have any financial dependants? *    
 
Financial details
 
  Income  
 
  Employment income * $  per  
 
  Current debts  
 
  Current mortgage amount $   
 
  Other loans i.e. car, personal etc $   
 
  Other debts $   
 
  Existing funds  
 
  Emergency funds $   
 
  Superannuation account balance $   
 
  Assets available for disposal i.e. cash, shares etc $   
 
  Dependants expenses  
 
  Total dependants education expenses $   
 
Insurance related questions
 
  Existing cover with your Super fund  
 
  Existing Death and TPD cover   $   
 
     Amount of units        
 
  Existing Income Protection cover $  per  
 
     Amount of units        
 
  Existing cover not with your Super fund  
 
  Existing Death and TPD cover $   
 
  Existing Income Protection cover $  per  
 
  Future required income  
 
  Lump sum required to cover your future expenses $  per  
 
  Lump sum required to cover your
dependants future expenses		 $  per  
 
  Number of years to cover expenses      
 
  Debts incurred  
 
  Debts incurred upon becoming disabled eg. Hospital,
medical expenses		 $   
 
  Debts incurred upon Death eg. Funeral, hospital, legal costs $   
 
Frequency of results
 
  Display Income Protection cover per  
 
Underlying assumptions
 
Net investment return used to determine the cover required for future expenses  %
(between 3% - 8%)
Inflation rate used to determine the cover required for future expenses  %
(between 2% - 4%)
 
 
 
 
  
 
 
 
 
 
Death and TPD Cover
 
  Total required cover     $ 999,999,999  
     
  Existing cover with your Super fund     $ 999,999,999  
     
  Existing cover not with your Super fund     $ 999,999,999  
     
  Death and TPD cover shortfall (additional cover required) $ 999,999,999  
     
Income protection cover per month
 
  Total required cover (including super contribution)     $ 999,999,999  
     
  Total required cover (excluding super contribution)     $ 999,999,999  
     
  Existing cover with your Super fund     $ 999,999,999  
     
  Existing cover not with your Super fund     $ 999,999,999  
     
  Income Protection cover shortfall (additional cover required)     $ 999,999,999  
     
     
 
 
 
 
 
  Are you and your family adequately protected against the potential risks of death and disablement?
Does your insurance suit your needs? 		 
 
  Money Solutions can help you answer these and other questions about your insurance, super and finances. The first step is to book time with a Personal Money Coach.  
 
     
 
 
Contact us at  
 
 
  1800 046 144 (toll free), 8am - 6pm, Mon-Fri (EDT)  
 
  or  
 
  Email at coach@moneysolutions.com.au  
 
 
     
 
  
 
 

Assumptions

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