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Protection Planning
Life Cover Calculator
Use this calculator to estimate a practical life cover shortfall. It is designed to help you think through bond protection, income replacement, family costs, and existing resources before a proper advice conversation.
Existing protection
This estimate builds from debt, household income replacement, education needs, and final expenses, then deducts existing cover and available assets. It is intended to show a planning gap, not produce an insurer quote.
Estimated Result
Estimated life cover gap
R 0
Debt to settleR 0
Income replacement capitalR 0
Education and family capitalR 0
Final expensesR 0
Gross protection needR 0
Existing resourcesR 0
Planning View
What this cover is meant to protect
R 0
Home loanR 0
Other debtR 0
Monthly household needR 0
Years of support0 years
Important Assumptions
- This calculator is a planning tool, not an insurer quote or underwriting result.
- Income replacement is estimated using your chosen number of years and current monthly household spending.
- Existing life cover, group benefits, and liquid assets are treated as amounts that may reduce the cover gap.
- Inflation, medical underwriting, premium pricing, estate-specific structuring, and policy definitions are not built into this estimate.
- A full advice review should still consider estate liquidity, beneficiary structure, tax, employer benefits, and broader household assets.
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Calculator FAQ
Questions people usually have before using this calculator
How much life cover do I need in South Africa?
That depends on debt, income replacement, children’s costs, existing cover, and other available assets. This calculator is designed to estimate a planning gap rather than give a final policy figure.
Is life cover the same as income replacement?
Not exactly. Life cover can be used to settle debt and create capital for dependants, while income replacement is only one part of the broader protection need.