Calculator

What would it take to protect the house — and the household?

This estimate covers the obvious (the mortgage) plus what most households forget: the other debts, and the years of living expenses that keep arriving long after the final payment is due. It's the classic foundation of a term life discussion.

Your numbers

Defaults are typical starting points — adjust everything to your situation.

Mortgage balance ($)

What's still owing on your home loan.

Other debts ($)

Car loans, credit cards, student loans — anything your family would inherit.

Monthly living expenses ($/month)

The essentials: food, utilities, transport, school — the floor of the household budget.

Years to keep the family covered

A common choice is the remaining mortgage term; another is the years until dependants are independent.

Emergency savings ($)

A cushion the family could draw on before any insurance is needed.

Existing term coverage ($)

Group life at work or any existing personal policy.

Your estimate

Runs instantly in your browser — nothing is sent or stored.

Enter your details and press "Calculate protection" to see the suggested coverage amount with the full breakdown.

Assumptions behind this estimate

Covers the mortgage balance, other debts, and the chosen number of years of essentials
Net of your emergency fund and any existing coverage
The concept mirrors term life sized to a finite obligation
Doesn't model income replacement beyond essentials, education, or inflation

This is an educational estimate, not a quote, an approval, or financial advice. It does not guarantee any financial outcome. A full life insurance needs analysis adds income replacement, education, and family-specific goals — see the needs calculator for the bigger picture.

Discuss this with WealthBox

Understanding the result

Why "mortgage balance" is almost never the whole answer

Sizing coverage to just the mortgage is a common first instinct — and it underestimates the real need. When the income stops, the family doesn't just need the debt cleared; they need to keep living while the surviving income catches up. That's why this tool adds years of essentials on top. And it deliberately stays narrower than a full needs analysis (no income replacement, no education) — run the life insurance needs calculator too, and compare the two numbers. The larger conversation belongs in a real review: life insurance, explained.