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Life insurance
How much do you really need?

Life insurance can be a unique and valuable financial planning tool, especially when it comes to looking after the needs of your loved ones. Nothing else can provide the same degree of financial security for your dependents. Question is how much insurance do you really need?

The answer depends on your age and your circumstances. Children, for example, have little need of life insurance, although parents sometimes buy policies in their name as a savings vehicle. Young singles have little need for life insurance either, except perhaps to cover funeral expenses and any debts not insured elsewhere. Mortgages a, for example, can be purchased with their own insurance protection.

If, however, you have dependents - a spouse, children, or others - then life insurance is often the only feasible way to provide financial security in your absence. The question of how much life insurance you need then depends on your family's income requirements.

Related Information
Life Insurance
Planning Tools
Get started be calculating the amount of life insurance you may need.

Life Insurance Calculator

Life Insurance Quotes
We also provide insurance products for most of your needs.
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Get Started

Get started by calculating how much life insurance you need first. Then you can decide on the type of insurance that's best for you.

Insurance Calculator

Read through the information and if you have any specific questions send us an email and we would be pleased to help.

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Are you looking for the most competitive and comprehensive mortgage insurance coverage?
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Reviewing your Insurance Plans? We encourage you to talk to us. Click here, if you would like to discuss your insurance needs or to receive information by mail. Not a GP client yet? Find out more about:
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