JackCousinsMortgages · Finance · Protection · Consultancy
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Mortgage tools

Protection cover gap calculator

Build a simple lump-sum needs illustration for debts and living costs, less cover and available savings.

Your illustration—

What this illustration assumes

Exclude mortgage payments from the monthly living costs if you include the mortgage balance in debts, to avoid double counting. Assumes existing life cover would pay and savings are available. Ignores inflation, tax, investment returns, ongoing income and policy eligibility. It is not a recommended cover amount.

Calculated on your device. The figures you enter are not sent to Jack. A lender or insurer may calculate costs differently.

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Understand the figures

Use the cover gap as a conversation starter

The illustration brings together the debts and household needs entered, then accounts for the savings and existing cover you specify. Its result is a starting figure for a discussion about protection priorities.

Check who owns each policy, who receives a payout, its term and conditions, and whether employer benefits continue if you change jobs. A capital-cover estimate does not replace an income-protection assessment or policy recommendation.

Illustrations support preparation for a conversation. Read the assumptions above and how website information is prepared.

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