Life Insurance Calculator

Find out just how much Life Insurance you need and receive your personalised Life Insurance Report for FREE.

Start Calculator

Life Insurance Calculator

It can be difficult to know where to start in working out how much Life Insurance and Income Protection cover you need. We’ve made it easy with our Life Insurance Calculator.

This calculator helps you determine the amount of cover you and your family may need in 5 easy steps. The assessment includes all Life Insurance covers, including Life Cover, Income Protection Insurance, TPD Insurance and Trauma Insurance. Most importantly, it’s fast and takes only 5 to 10 minutes to complete.


Includes a FREE Personalised Report

After completing the calculator, you will receive a free tailored Life Insurance Report.  This report:

  • Shows you your insurance gap for Life, Trauma, Total and Permanent Disability (TPD) and Income Protection.
  • Provides you with options of how much insurance cover you require to meet your  needs.
  • Explains the types of covers that could be important to you.

You can save your progress at any time and return to it later. You will learn about life insurance as you progress. This small investment of time could change your life.

    Start Calculator    

The methodology and assumptions used in the NobleOak Life Insurance Calculator have been reviewed and audited by RiceWarner, a leading independent provider of research and actuarial advice to the Australian Financial Services Industry.


How much cover do I need?

Here are some factors to consider when determining how much Life Insurance you might need.


When determining how much Life Insurance you might need it’s important to think about:

  • Your current debt such as, a mortgage, personal loans and credit cards, and the number of dependents you have.
  • Your current income.
  • Future education expenses for your children such as, school and university fees.
  • Ongoing household expenses, including utility bills, groceries and other insurances.
  • Lifestyle costs such as, sport and music lessons, birthdays and holidays.
  • Childcare and home assistance – if you or your spouse is a stay-at-home parent, you will need to cover the cost of employing a carer for the children, someone who can also undertake home duties.


  • + General Information, Assumptions & Terms of Use