Rytvae Consulting · Think Right · Invest Right
Term Insurance Need Calculator
Result
Chart
Show formula & working
Expenses corpus = Σt=0…n−1 yearly expenses × (1 + inflation)t ÷ (1 + return)t
Cover needed = expenses corpus + loans + goals + other needs − existing cover − investments
Details
How this works
Term cover should let your family carry on without your income: pay the bills, clear loans and fund the goals you planned.
The money paid out would be invested and drawn down; its return offsets part of inflation.
Frequently asked questions
Should group cover from my employer count?
It ends when you leave the job, so many people leave it out or count only part of it.
Do I include my home loan?
Yes, unless it has its own loan cover that would clear it.
How often should I review?
After big changes — marriage, a child, a new loan or a big rise in income.
Reviewing your cover?
Talk to Rytvae about how much cover you need and what your policy wording really pays.