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Author: Admin | 2025-04-27
Estimate how much Life Insurance you may need in about 10 minutes Why use a life insurance calculator? Life insurance can help look after you and your family’s financial future if something unexpected happens.Life cover pays a lump sum in the event of your death or if you're diagnosed with a Terminal Illness.1 The lump sum payment can be used however you choose, and can help cover things like mortgage payments, school fees, bills, groceries, other living expenses, and funeral costs.When you take out life insurance, it’s important the amount you’re insured for reflects what you’ll need to keep you or your loved ones financially secure. Need help or have a question about life insurance? We’re here to help. Speak to one of our insurance specialists. How much life insurance cover do you need? How much Life, Permanently Unable to Work, and Critical Illness cover you need depends on your individual circumstances. Some of the things you can consider include: what works within your budgetwhether or not you have dependents, for example a spouse, partner, or children, who rely on your incomewhether or not you have a mortgage or any other debts, such as credit cards or other loans, that you’re responsible forif you hold any life insurance cover through your superannuation fund Life Insurance calculator ASIC’s Money Smart website has a Life Insurance calculator, which can help you work out whether you need life cover, what expenses you want your policy to cover after you die and how much life cover you might need. Money Smart Life Insurance calculator To get an estimate of how much life cover you need, you’ll need to enter some basic information about the number of dependants you have, your insurance needs, and financial situation. Disclaimer: The ASIC Money Smart website is provided by the Australian Securities & Investments Commission. It is independent from Allianz Australia Life Insurance Limited ABN 27 076 033 782 AFS Licence No. 296559 (“Allianz Life”) and Allianz Life makes no warranties regarding the information contained in the website. Before you rely on this information, review the assumptions and disclaimers on the website.If you’re unsure about the level of cover you need, speak with a financial adviser before deciding on appropriate insurance cover. Life cover Apply for up to $1.5m depending on your age to cover death or Terminal Illness, where death is likely to occur within 24 months.1,2,3 Critical Illness cover Apply for up to $500,000 depending on your age to cover defined Critical Illness events.2,3,4 Permanently Unable to Work cover Apply for up to $1.5m depending on your age to cover if you’re unlikely to ever work again because of sickness or injury.2,3,5 This is a summary of only some of the features and benefits available on Allianz Life Plan. Before deciding on a policy, read the Product Disclosure Statement (PDS) which sets out the standard terms, conditions, limits, definitions, exclusions, waiting periods, exclusion periods and information about taking a combination of cover. If you consider it appropriate,
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