You're worth a fortune to your loved ones, if you live.  But what if something unexpected happens to you?  How much life insurance is enough?

GlobalCapital Life Insurance Ltd. recommends 6 to 8 times your income for a married couple with children.  While rules of thumb may be helpful, they do not take into consideration each individual's personal situation.  This worksheet provides a quick and effective method to estimate the amount of life insurance needed for you.

Life Insurance Calculator

Income

Current annual income(*)
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Gross Income in Euro, before tax.

Annual income your family would need if you died today(*)
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In Euro, suggested 70% of total income

Annual income available to your family from other sources(*)
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Including dividends, interest, spouse's/partner's earnings (Social Security benefits may be available)

Annual income to be replaced
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Funds need to be provided for:(*)
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Expenses

Burial expenses(*)
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Average cost of a funeral is around €5,000

Home loan and other debts(*)
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Include home loan balance, credit cards debt, car loans, hire purchases, home equity loan etc


Education Costs

Do you have dependants currently attending/planning on attending school?(*)
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Dependant 1
Name(*)
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Number of years left in school(*)
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Annual cost(*)
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Total cost
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Add a second dependant attending/planning on attending school?
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Dependant 2
Name(*)
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Number of years left in school(*)
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Annual cost(*)
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Total cost
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Add a third dependant attending/planning on attending school?
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Dependant 3
Name(*)
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Number of years left in school(*)
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Annual cost(*)
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Total cost
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Total cost of dependants' education
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Total capital required
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Assets

Savings and investments(*)
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Bank accounts, stocks, bonds, mutual funds, real estate / rental property, etc

Retirement savings/plans(*)
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Present amount of life insurance(*)
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Include group insurance and personal Life Insurance

Total assets
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Estimated amount of additional life insurance needed
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Contact Details

Kindly insert your personal details below should you wish to be contacted by a Tied Insurance Intermediary

Title(*)
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Name and Surname(*)
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Email address(*)
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Telephone number(*)
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GlobalCapital Life Insurance Limited is authorised to transact Long Term Insurance Business and is regulated by the Malta Financial Services Authority (MFSA).

Registered address: GlobalCapital Life Insurance Limited, Testaferrata Street, Ta’ Xbiex XBX 1403, Malta.
Phone: (+356) 21 342 342; Email: info@globalcapital.com.mt

GlobalCapital Life Insurance Limited is authorised to transact Long Term Insurance Business and is regulated by the Malta Financial Services Authority (MFSA). Registered address: GlobalCapital Life Insurance Limited, Testaferrata Street, Ta’ Xbiex XBX 1403, Malta.


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