Insurance & protection
Family life-cover needs Calculator
Add dependant support, debt and one-off costs, then subtract available resources. This free family life-cover needs calculator shows the calculation and its assumptions so you can compare your own figures.
Your results
Add dependant support, debt and one-off costs, then subtract available resources.
Calculated outcomes
- Dependant Support Need
- €360,000.00
- Existing Resources
- €250,000.00
Assumptions and estimates
- Undiscounted needs estimate in today’s euro values. Include only assets genuinely available to dependants; avoid double-counting mortgage cover and debt payoff. Inflation, investment returns, survivor benefits, CAT, policy exclusions and changing family needs require a personalised assessment.
- Method: Undiscounted support gap × years + debts + one-off costs − available assets − existing cover.
- Editable inputs are planning assumptions; check the method and result notes for scope.
Useful next steps
- Use Compare options to test an alternative side by side.
- Copy, print or download a record of this calculation when you need one.
Reports open your email app addressed to s@s1.ie with the public page address only. Your inputs are never added.
How the family life-cover needs calculation works
Undiscounted support gap × years + debts + one-off costs − available assets − existing cover.
Editable inputs are planning assumptions; check the method and result notes for scope.
Using this calculator
- Enter your own figures in the labelled inputs. Keep the currencies, units and time periods consistent.
- Choose any applicable rate profile, pattern or assumption shown for this tool. Open additional inputs when relevant.
- Review additional life cover and total funding need, then read the stated assumptions and eligibility conditions before using the result.
Worked example
This is a static example using illustrative inputs, not facts about you or today’s date. The displayed eligibility selections and assumptions apply only to this example.
See example inputs
- Annual dependant support gap (€)
- 24000
- Years support needed
- 15
- Debts to clear (€)
- 180000
- One-off costs (€)
- 20000
- Assets available to dependants (€)
- 50000
- Existing applicable life cover (€)
- 200000
- Additional Life Cover
- €310,000.00
- Total Funding Need
- €560,000.00