Life Insurance Calculator

When it comes to comparing life insurance policies and choosing one that best suits you, it helps to know the level of cover you’ll need. To help you work this out, we have created a simple Life Insurance Calculator below.

Simply enter some information on your financial circumstances and the calculator will provide an estimate on the level of cover you might need, it only takes a few minutes.

ESTIMATED LIFE INSURANCE

SPEND MORE TIME LIVING

AND LESS TIME WORRYING ABOUT YOUR INSURANCE

Let Choosi help you estimate the
amount of Life Insurance you need while
you get back to what you do best!

Your gender is for illustrative purposes only.
This will not affect the outcome.

ARE YOU A
MAN OR
A WOMAN?

Man
Woman

DO YOU
HAVE A
PARTNER?

Yes
No

Your age is for illustrative purposes only.
This will not affect the outcome.

WHAT IS
YOUR AGE?

DO YOU OWN
OR RENT
YOUR HOME?

Own
Rent

HOW MUCH IS
YOUR RENT?PER MONTH

HOW MUCH DO
YOU OWE ON
YOUR HOME?

WHAT ARE
YOUR LIVING
EXPENSES?PER MONTH

HOW MANY
CHILDREN DO
YOU HAVE?AGE UNDER 18

HOW MUCH DO
YOU OWE IN
LOANS & DEBTS?E.G. PERSONAL LOANS, CAR LOANS, CREDIT CARDS
(EXCLUDES MORTGAGE)

Your Estimated Life Insurance Amount

Call 13 55 55

Mon - Fri 8am to 8pm (AEST)

We collect your email address for the sole purpose of sending you the results from this calculator.

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The calculator operates on the basis of a number of assumptions and if you have special needs that go beyond these considerations you ought to consider obtaining independent financial advice.

Disclaimer

Choosi provides this calculator to assist you to estimate your cover needs for Term Life Insurance. You may have other life insurance needs, such as income protection or total and permanent disability cover, which this calculator does not consider. This is a simple calculator based on market averages and does not take into account specific needs that you have which are out of the ordinary or not within scope of the questions asked.

Using this calculator does not constitute financial product advice and should not be used in place of seeking professional advice.

Your estimated cover need is calculated on the basis of a number of assumptions. If these do not apply to you the result you obtain may not be suitable to your needs.

The result you obtain from this calculator is dependent on the accuracy of the information you have provided and is relevant to your disclosed circumstances at a point in time. You should regularly revisit your insurance needs, particularly after making a significant lifestyle change such as upgrading your home.

The amount of cover you require is just one aspect to consider when taking out life insurance. You should consider the remaining features, benefits and risks associated with commencing cover by reading the Product Disclosure Statement of any product before committing to purchase it.

Choosi rating

Choosi is rated 3.6/5 on ProductReview.com.au, based on 136 reviews.

AFSL Number: 402397 Secure Copyright © 2014 Choosi Pty Ltd ABN 15 147 630 886

Choosi Pty Ltd (ABN 15 147 630 886) offers insurance products from a range of Australian brands. Choosi does not provide information, or offer cover, for all products available in the market and there may be aspects to some products that we do not compare. Choosi is not an insurer and cover is issued by various underwriters. Your use of this website is undertaken in accordance with the full Terms and Conditions.

Choosi is a related company of Greenstone Financial Services Pty Ltd (ABN 53 128 692 884; Ground Floor, 58 Norwest Blvd, Bella Vista NSW, 2153, Australia), the distributor of each pet insurance, life insurance, income protection insurance, funeral insurance and final expenses insurance policy Choosi is able to arrange directly for the following brands: Chubb Insurance Australia Limited, Australian Seniors Insurance Agency, Guardian Insurance, Prime Pet Insurance, Real Insurance, RSPCA Pet Insurance and Woolworths Insurance. Choosi is also a related company of The Hollard Insurance Company Pty Ltd (ABN 78 090 584 473 AFSL 241436; Level 12, 465 Victoria Ave, Chatswood, NSW, 2067, Australia), the issuer of each pet insurance product Choosi is able to arrange directly.

Where requested by you, we can provide access to other Life, Income Protection and Funeral Insurance brands by referring you to a third party partner. The Home & Contents and Car Insurance products available are issued and distributed by Compare the Market Pty Ltd (ABN 83 117 323 378, AFSL 422926). The Business Insurance products available are issued and distributed by Bizcover Pty Ltd (ABN 68 127 707 975 AR 338440), an Authorised Representative of Mega Capital Pty Ltd (ABN 37 098 080 418 AFSL 238549). If you choose to purchase these products we will refer you to the appropriate partner. If you purchase a product as a result of a referral, we will receive a fee or commission, depending on the partner you are referred to.

Choosi has commercial relationships with all insurers that are available for comparison. Choosi obtains a commission from the insurer for arranging any insurance you choose to buy.

Information on this website does not take into account your personal objectives, financial situation or needs. You should consider the relevant Product Disclosure Statement (PDS) for more information and to ensure the product suits your needs. The PDS for each of the pet insurance, life insurance, income protection insurance, funeral insurance, and final expenses insurance products sold through Choosi are available through this website. Relevant PDSs and/or Policy Wording Documents for products available through our partners are available on their websites. Health Insurance products are not required to have a PDS, but this website has a Fact Sheet for each Health Insurance product Choosi is able to arrange.