Your mortgage
Are you considering buying a property or do you already own your home? If so, a life insurance payout could be used to clear the mortgage
Life insurance calculator
Estimate how much life insurance you need with our free tool
Life insurance calculator
Let's give you a life insurance cover quick quote. Just pop in a few details to get started.
How does the life insurance calculator work?
When you take out life insurance, you’ll need to choose how much cover you want. The amount of cover you choose is the payout your loved ones would receive if you died during your policy term.
Higher cover levels usually mean higher monthly premiums.
Our life insurance calculator helps you estimate a suitable cover amount based on your finances, dependants and future costs, so you’re less likely to be underinsured or paying for more cover than you need.
🚩 The calculator’s result is a guide and shouldn’t be treated as a personalised recommendation.
How do I use the life insurance calculator?
To use our life insurance calculator, you'll need to answer a few simple questions about your finances, dependants and what you want your life insurance to cover.
You’ll be asked about:
debts such as your mortgage, loans and credit cards
who depends on you, including underage children and any adults you support
one-off costs you'd want to cover, like funeral expenses or university fees
any existing cover or savings that could help
Using your answers alongside typical cost data, the calculator will add up your debts, ongoing living costs and future expenses and generate a suggested cover level to help you understand how much protection your loved ones might need.
Things to consider when using the life insurance cover calculator
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Rent costs
If you're renting, you'll need to account for the rent over the expected duration of your residence, including potential rent increases
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Other debts
You might have outstanding debts such as store or credit card balances, a car loan, and items on hire purchase,, which your policy should cover
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Supporting your family
Consider the living costs of your household and particularly children, including childcare, clothing, holidays, and potentially university fees
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Funeral costs
A life insurance policy can also cover funeral costs, which will help your loved ones when you pass away
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Other policies
Take into account types of cover already in place, such as 'death in service' cover from your employer or a joint policy with your spouse
How much does life insurance cost?
The cheapest life insurance policy that our customers currently pay is £2.64
Age
Lifestyle
Health
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Why compare life insurance quotes with MoneySuperMarket?
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Quotes from 19^ UK insurers
All our insurance providers are authorised and regulated by the Financial Conduct Authority (FCA).
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Rated 4.9/5 on Feefo
We're also the UK's most recommended price comparison website
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Quick and easy
Give us a few details and we'll show you multiple quotes in minutes, saving you time and effort.
Life insurance guides and tips
What type of life insurance is right for me?
There are various types of life insurance and add-on cover that could be the right fit for you, depending on your circumstances:
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Level term insurance
Pays out a fixed cash sum if you die within the policy term.
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Decreasing term
Payout goes down over the term. Usually matched to mortgages.
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Joint life insurance
Covers two people. Only pays out once, on the first death.
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Pre-existing conditions
For people who have already been diagnosed with an illness.
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Increasing term
Payout increases over time, generally in line with inflation.
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Over 50s insurance
A whole of life policy offering guaranteed cover and payouts.
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Critical illness cover
Pays out if you are diagnosed with a serious illness.
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Income protection
Pays out a percentage of your salary if you temporarily cannot work.
How accurate is the calculator and can I rely on it?
Our life insurance calculator is a helpful starting point to weigh up how much cover you might need and the results you receive will be based on the information you've given us.
However, to get the most accurate results for your personal circumstances, we always recommend comparing quotes via our website.
When should I use the calculator?
You should use our life insurance calculator to estimate the appropriate amount of cover needed to protect your dependants financially. It is especially useful when major life events occur or when you are initially exploring policy options. Our calculator can give an average estimate of cover and policy premiums.
How often should I re-check my life insurance cover?
You should re-check your life insurance cover at least once a year and immediately following any major life events. Updating your policy ensures your loved ones have peace of mind, should anything unexpected happen.
Why do I need to subtract debts or existing cover when calculating the amount cover needed?
You should do this becaue outstanding debts (mortgage, loans, etc) will reduce what’s left for your beneficiaries, and any existing cover means you may need less additional cover.
What happens after I use the calculator?
After you get an estimated required cover, the next step is to compare policies. We offer a quick and easy comparison service to compare different life insurance policies in a matter of minutes.
Is the calculator free to use?
Yes, it is freely available on the website for you to use and you can run it as many times as you need.
Does the calculator guarantee I’ll get that cover at a certain cost?
No, the cost of cover is affected by many personal factors (age, health, lifestyle, smoking status) as the page explains.
How does MoneySuperMarket create and review the content on the website?
At MoneySuperMarket, we want to give you clear, accurate and trustworthy information so you can make confident financial decisions for your circumstances.
Every page on our website goes through a careful editorial process before it is published. It’s written or reviewed by one of our experienced experts, checked for accuracy, and updated regularly to reflect the latest information.
We do use AI tools to support our research and drafting, but a human editor is always in the loop to review, fact-check and approve everything before it’s published, so you can trust that what you’re reading is both reliable and up to date.
You can read more in our editorial guidelines.
How does MoneySuperMarket make money?
We get paid by the companies we work with, but the payment we get doesn’t have any bearing on the information we provide. We get paid in different ways, depending on the type of product or service you buy through us. Our goal is to search deals from as wide a range of companies as possible, but we only show results from our partner providers.
Our comparison service is, and will always be, free to use.
Why should I use a price comparison website?
One of the best ways to get the lowest prices and best deals is to compare quotes from different companies. We do the work for you, comparing quotes side-by-side and giving you all the information you need so you can choose the right deal for your needs and your wallet.
We don’t give recommendations or financial advice, but we give you clear information so you can choose financial products that suit your circumstances.
Does MoneySuperMarket work with all the providers on the market?
No, not every company can be included in our service. This is because some companies don’t want their products included on comparison sites, and some decide that they would rather not pay a fee. There are also a few smaller providers who can struggle to cope with the volume of customers that can find their products if they appear on MoneySuperMarket.
Our goal is to search deals from as wide a range of companies as possible so that you can choose the deal that suits you.
Is life insurance eligible for SuperSaveClub and rewards?
No, at this time life insurance is not an eligible product for unlocking our SuperSaveClub rewards. It is also not included in our Price Promise.
Reviewed on 20 Mar 2026 by
