Moneysmart, run by ASIC (the Australian Securities and Investments Commission), offers a free life insurance calculator. It can help you estimate how much life cover you might need by considering things like funeral costs, your mortgage and other debts, your children's education and your family's living costs, offset against your super, savings and other assets.
Please note: the Moneysmart calculator only covers life cover. It doesn't estimate TPD, trauma or income protection needs.
Once you have an estimate, get in touch and we can talk you through your cover options and compare policies from leading insurers through our general advice process.
Lira Life provides general advice only and does not calculate your personal insurance needs. The Moneysmart calculator is provided by ASIC and any results are estimates based on the information you enter. Lira Life is not responsible for the calculator or its results. Consider seeking personal advice from a licensed financial adviser.