Life Insurance Calculator

If you’ve decided that life insurance would benefit your loved ones, it’s time to work out how much cover you need.

Use our life insurance calculator to get an idea of the amount of cover that’s right for you. Consider your income, mortgage, savings and debts carefully to get the most accurate results.

Remember that our life insurance calculator can only offer a suggestion and isn’t a recommendation. Your age, lifestyle, health, profession and family medical history will all affect your cover and premium amount.

How much life insurance do I need?

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Get the right life cover for your circumstances


There’s a range of reasons that people buy life insurance, as well as a number of benefits. We’ve put together guides to help answer many of your questions, so head on over to find out about life insurance and your particular circumstances:

Milestones in people’s lives are often reasons for them to think about getting a life insurance policy. For instance, buying a house, getting married and having a child can all make you think that you could do with some extra protection if the worst should happen.

Or you might be feeling that you’ve passed middle age, and you need to make some good provisions for the future. If you’re over 50, then compare your cover on this page with that on our Over 50s calculator page.

You might want to make sure that your mortgage is protected if you die, or that your family have a lump sum to help them with their finances after you’ve gone. Whatever the reason, buying life insurance can give you peace of mind and be a cornerstone in a sensible financial plan for your loved ones’ futures.

Things you need to know

Monthly payments depend on the amount, length, type of cover and your personal circumstances.

Post Office Money Life Insurance is provided by The Royal London Mutual Insurance Society Limited. 

Post Office Money Life Insurance offers up to £500,000 cover for customers who are UK residents aged 18-70 at the start of the policy. The minimum term is 5 years and cover must end before your 81st birthday.

We won’t pay a claim on death if it was as a result of suicide or intentional self-inflicted injury within 12 months of the start date of your policy.

Critical Illness Benefit can pay an extra cash sum if you are diagnosed, during the term of your policy, with one of the three critical illnesses covered that meets our definition  and then survive for at least 10 days after. 

We won’t pay a claim on terminal illness if you don’t meet our definition  of terminal illness; or terminal illness is caused by intentional self-inflicted injury within 12 months of the start date of your policy. The full definition of terminal illness can be found in the Terms and Conditions.

We won’t pay a claim if you don’t keep your payments up to date as you will no longer be covered under the policy. If you don’t tell us something or give us incorrect answers to our application questions that affects your cover we may reduce the amount we pay for a claim or at worst cancel your cover and not refund your monthly payments. If you’re a UK resident aged between 18 and 70, excluding members of the Armed Forces, Army Reserve (previously known as the TA) or Reservists, you can apply. Please see Terms and Conditions for further details about the restrictions that apply.