A life insurance calculator is a simple tool that allows you to compare different policies and find the one that suits your needs.
It works by asking questions about what type of policy you want, how much cover and for how long, then gives you quotes from several providers so that you can compare them side by side.
You don’t need any special knowledge or experience – just enter some basic information into the form on our website and we’ll do all the hard work for you!
What is Life Insurance?
Life insurance is designed to protect your family if you die. It provides a lump sum payment to your family, as opposed to monthly payments. You can get life insurance through an employer or through a private policy.
There are several different types of life insurance: term, whole, universal and endowment policies. Term policies only pay out if you die during their term period (which is usually between 10 and 30 years). Whole policies cover both death benefits and investment returns until maturity; universal policies combine both types of cover into one product; endowment policies are designed so that premiums must be paid for at least 10 years before any benefits are payable